KATHMANDU, Nov 25: The government collected Capital Gains Tax (CGT) from transactions at the share market worth Rs 380.5 million last month, which was 56 percent more compared to the amount collected in the previous month.
According to the CDS and Clearing Limited, the government collected revenue worth Rs 136.6 million more during mid-October and mid-November this year compared to the previous month when the CGT collection stood at Rs 243.9 million.
Collection of capital gains tax on shares transactions doubled...
Despite a surge, the year-on-year tax revenue collection under the heading was almost half of the amount in the review month last year. In the fourth month of the Fiscal Year (FY) 2024/25, the government collected Rs 758.7 million under the CGT.
Collectively, the government revenue via CGT from the secondary market transaction was recorded at over Rs 3.38 billion in the first four months of the current FY, which was 59 percent less than the amount of the same period last year. During mid-July and mid-November of FY 2024/25, the CGT collection stood at Rs 8.28 billion.
