Capital Gains Tax Rates Reduced, Decision Published in Gazette
Summary
The government has published a decision to reduce capital gains tax on share investments, with revised rates taking effect from today. Long-term gains on securities listed with SEBON will be taxed at 3.75%, while gains on shares held for 365 days or less will face a 5% tax.
Key Points
- The government has published in the Nepal Gazette a decision to reduce capital gains tax on share investments.
- Gains from shares held for more than 365 days will now be taxed at 3.75%, while gains on shares held for 365 days or less will be taxed at 5%.
- The revised rates take effect from today and apply to resident natural persons investing in securities listed with SEBON.
- The Ministry of Finance said the Council of Ministers made the decision under the Economic Act, 2083.
