KATHMANDU, April 25: The government collected capital gains tax (CGT) from share transactions worth Rs 8.17 billion in nine months of the current fiscal year (FY), which was a 36.44 percent decline compared to the amount collected in the same period last FY.
According to CDS and Clearing Limited, the government collected CGT of Rs 12.86 billion as of the third quarter of FY 2024/25. In the review period, the contribution of the CGT in the state treasury declined by Rs 4.68 billion.
Govt’s CGT collection drops by half to Rs 6.44 billion in eight...
Last month alone, the government collected Rs 1.73 billion under the heading. The amount was almost three-folds of the CGT of Rs 551.58 million collected in the previous month.
The government collects CGT of 7.5 percent on profits earned by short-term investors who sell shares within a year from the date of purchase. Long-term investors have to pay 5 percent on profits from shares held for longer periods.
Institutional investors pay 10 percent CGT on profits earned from share transactions. However, the investment in mutual funds is not subject to any CGT.
