Published On: November 16, 2022 06:20 AM NPT By: Republica | @RepublicaNepal
KATHMANDU, Nov 16: The government collected capital gains tax on the share transaction worth Rs 715.85 million as of four months of the current fiscal year, which was just around 10 percent of the amount collected during the same period last year.
The records with the CDS and Clearing show that the country’s stock exchange market contributed capital gains tax of Rs 7 billion in the state’s coffers during mid-July and mid-November last year. In the review period this year, the revenue collection on the heading declined 89.75 percent.
While the daily turnover amount crossed Rs 21 billion during the period last year, it heavily declined this year. Last week, it stood at just Rs 1.44 billion a day. Likewise, the market index also fell 117.69 points from Rs 1,211.39 points from mid-July this year.
KATHMANDU, Feb 19: The government has collected capital gains tax (CGT) worth Rs 2.86 billion from the shares transactions in the... Read More...
KATHMANDU, July 1: The government has collected capital gains tax from the share market worth Rs 259.52 million during one month... Read More...
KATHMANDU, June 8: The government collected Rs 11.03 billion in capital gains tax from the share market as of May-end of... Read More...
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