Capital gains tax is the last tax, don't get confused: Finance Minister Wagle

Finance Minister Swarnim Wagle has made it clear that the capital gains tax levied on the securities market is the final tax. Clearing the confusion spread by some quarters, he informed that the government has implemented the capital gains tax as the final tax by addressing the demands of the investors. In a press conference held at the Ministry of Finance, Finance Minister Wagle said that the investors came to the ministry and asked to make capital gains tax the final tax and the government generously accepted it. He stated that the profit tax which was previously 5 percent has been adjusted to 7.5 percent and the profit tax which was 7.5 percent has been adjusted to 10 percent and this has been determined as the final tax.

Finance Minister Wagle drew attention to the misunderstanding and confusion that taxes were increased after the budget and said that such claims are baseless. He gave the example of capital gains tax in neighboring country India ranging from 10% to 20% and mentioned that Nepal's tax rate is relatively soft. It is expected that this will provide more clarity to the investors and create a positive environment in the market.