Kathmandu. Finance Minister Dr Swarnim Wagle has announced that the capital gains tax levied on the sale of shares of listed companies will be the final tax. Through the budget for the fiscal year 2083/84, the government has introduced a policy to further ease the tax system for the investors investing in the stock market.
Presenting the budget for the coming fiscal year in the joint meeting of the federal parliament, Finance Minister Wagle said that necessary legal and policy provisions would be amended to ensure the participation of Non-Resident Nepalis in the secondary market of securities.
Finance Minister Wagle said that the provisions related to approval of foreign investment, accounting of investment, return of profit and capital gains tax would be revised as per the time.
The government has addressed the issue of capital gains tax, which has been demanded by the stock investors for a long time.
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