NEPSE Sheds 26 Points After New Budget Announcement, Here is Why
Summary
The NEPSE index dropped by over 26 points on the first trading day following the new budget announcement due to increased capital gain taxes and investor profit-taking.
Key Points
- NEPSE index fell by more than 26 points after the new budget announcement.
- Capital gain tax on short-term share transactions increased from 7.5% to 10%.
- For long-term investors, the tax rate rose from 5% to 7.5%.
- Budget introduced structural reforms and opened investment opportunities for Non-Resident Nepalis.
