The tax on selling shares has increased, how much do you have to pay now?

The government has increased the capital gains tax levied on stock market investors. The tax rate on profits from the sale of shares of listed companies has been increased through the Finance Bill brought along with the budget of the financial year 2083/84. According to the new rules, investors who hold shares for less than one year and sell them will have to pay 10 percent capital gains tax. Previously, such short-term transactions were taxed at 7.5 percent. Similarly, long-term investors who hold and sell shares for more than one year will now have to pay 7.5 percent tax. Earlier, such tax rate for long-term investors was 5 percent.

Along with this, the real income of the investors who earn profit in the stock market will decrease. Investors who invest with market risk will now have to pay more tax than before when they make a profit. It is seen that this decision will affect traders who deal in short term. In the budget speech, the government had announced that capital gains tax levied on sale of securities of listed companies would be the final tax. This issue was taken positively by the investors. However, after the increase in the tax rate in the details of the economic bill, more tax burden has been imposed on the investors.

The report states that the government has decided to implement the new tax rates from midnight after the budget. Therefore, it is seen that the new rate will be applied in practice even though this provision has not been fully passed by the Parliament and has become a law.