The government has increased the capital gains tax rates on the sale of shares and real estate starting today, Saun 1, with the commencement of the new fiscal year 2083/84.
New Capital Gains Tax Rates Implemented
With the start of new fiscal year 2083/84, new rules for capital gains tax (CGT) on share trading has come into effect from today, Saun 1. The government has increased the tax rate for selling shares and real estate through Financial Bill 2083.
According to the new rules, when you sell shares of listed companies that you owned for more than one year, you have to pay 7.5 percent capital gains tax. If you sell the shares that you owned for less than one year, the tax rate will be 10 percent. The government has declared this tax as the final tax.
What Were the Old Tax Rates?
Before this new system started, the tax rates were much lower for investors. Investors used to pay only 5 percent capital gains tax if they sold shares after holding them for more than one year. Similarly, for selling shares held for less than one year, the tax rate was 7.5 percent.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
