New rules for capital gain tax:
CDSC has introduced a new feature in the Mero share system which calculates the owned period of stocks in the Nepal share market. The introduced feature identifies the short-term and long-term owned period of stocks from their portfolio.
As previously mentioned in the fiscal year budget two different tax rates will be imposed on citizens of two different types, i.e short-term investors and long-term investors. The capital gain tax for short-term investors is 7.5% while long-term investors have to pay 7.5% tax to the government.
Nepal government further describes that the stocks that owned more than 365 days are known as long term investor which will impose 5% tax while stocks owned less than 365 are categorized as short term investor who has to pay 7.5% capital gain tax.
New Capital gains tax rules in Nepal:
7.5 % for short-term investors (owns stock for less than 365 days)5% for long-term investors(owns stock more than 365 days)
The new system will be imposed from 3 Shrawan, 2078, from 7pm onwards. CDSC requested to update meroshare app to process the new feature.
