Capital Gain Tax Drops 37.5% as Market Slides After New Government Takes Office
Summary
Nepal's government revenues from capital gains tax have dropped 37.5% to Rs 9.54 billion due to a stock market decline in fiscal year 2082/83. The government plans to raise capital gains tax rates in the upcoming budget.
Key Points
- Government collected Rs 9.54 billion in capital gains tax in the first 11 months of fiscal year 2082/83, down 37.5% from last year.
- Capital gains tax collection sharply fell in Jestha month by 63.35% compared to the previous year.
- Stock market declined after Prime Minister Balendra Shah's government took office despite a post-election rise.
- Government plans to increase capital gains tax rates by 2.5 percentage points for both short and long term trading in the upcoming fiscal year budget.
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