Government Declares Capital Gains Tax on Listed Shares as Final Tax
Summary
The government has declared capital gains tax on shares of listed companies as a final tax, meaning investors will not have to pay additional tax on income once this tax is settled.
Key Points
- The government declared capital gains tax on listed company shares as final tax.
- Finance Minister Dr. Swarnim Wagle announced this during the national budget presentation for fiscal year 2083/84.
- Investors will no longer pay additional tax on income after capital gains tax is paid.
- Previously, capital gains tax varied by holding period: 7.5% for under one year, 5% for over one year.
