Shrawan Brings Rs 62.5 Crore in Capital Gains Tax to Government
Summary
Government revenue from capital gain tax fell sharply in Shrawan to Rs 62.49 crore, down from Rs 2.15 billion in the same month last year. The drop came despite a budget-led tax rate increase, as investor confidence and daily trading volume weakened.
Key Points
- Capital gain tax revenue from share sales fell to NPR 624.96 million in Shrawan, a steep drop from NPR 2.15 billion a year earlier.
- Short-term individual investors contributed the largest share of the tax collection, followed by long-term individual investors and corporate investors.
- Finance Minister Dr. Swarnim Wagle increased capital gains tax rates by 2.5 percentage points in this year's budget.
- Market analysts say higher taxes and recent government policies have hurt investor confidence and reduced daily trading volume.
