Kathmandu. Rastriya Swatantra Party (RSP) lawmaker and share investor Hari Dhakal has said that it is just a rumor that brokers will charge 1 percent tax while trading in shares. Dhakal clarified through Facebook that the issue was not true but just a rumor.
“Lately, there has been a widespread debate about a 1 percent tax on share trading. However, it is important to understand one thing clearly that the broker does not charge 1 percent tax or fee when the investors trade shares in the secondary market through TMS/NEPSE. Capital gains tax is either 7.5 percent or 10 percent. ’
Dhakal wrote:
All you need to know about share transfer fees:
There is no 1% fee on regular share buying and selling through TMS/NEPSE daily.
The fee of 1% is Rs. Shares worth Rs 25 lakh or more are allowed only in certain types of transactions that are transferred directly to the company.
Therefore, it is not correct to say that investors who make regular transactions through TMS have to pay an additional fee of 1%.
On-Market:
According to the previous system, broker commission, SEBON fee, DP fee, and capital gains tax (CGT) are levied in the daily transactions done through TMS. There are no new 1% fees added.
Off-Market Trading:
This provision is applicable only to the name transfer of the Securities Board or the Government of Nepal as per the policy of the Government of Nepal, such as the transfer of shares after death, the transfer of large shares of the company, etc., directly through CDSC.
The current uproar in this regard has created unnecessary confusion and fear among investors. Let’s not run after rumour, let us draw conclusions only after understanding the truth and reality on the basis of official information.
Dhakal also urged the investors to be patient and believe only in the facts.
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