Final taxes on capital market fixed

By A Staff Reporter,Kathmandu, June 5: The Ministry of Finance has clarified that the 5 per cent and 7.5 per cent capital gain taxes levied on the capital market are the final tax.

Issuing a press statement on Sunday, the Finance Ministry finalised the tax rate for individuals in a discussion with share investors at the Ministry of Finance.

Earlier, Finance Minister Dr. Prakash Sharan Mahat had held a discussion on the issue and assured that the 5 per cent and 7.5 per cent capital gain taxed levied on the capital market were the final.

Agitating investors had been demanding that the final taxes on the capital market should be 5 and 7.5 per cent, and the provision of tax on share transactions inserted in the Economic Bill 2080 should be scrapped.

In the meeting, Finance Secretary, Director General of Internal Revenue Department, Chairman of SEBON, Chief Executive Officer of NEPSE, officials of the Broker Association and agitating investors were present.