Kathmandu. The new financial year has begun from today.

With the beginning of the new fiscal year, the new tax rates brought by the government for the current fiscal year have come into effect. The government has also increased the tax levied in the share market through the budget for the current fiscal year.

According to the new tax rate, long-term stock traders will have to pay 7.5 percent tax. Similarly, short-term (before one year) business will have to pay 10 percent tax. Previously

For long-term transactions, profit tax is levied at 5 percent and for short-term transactions, it is 7.5 percent.

Finance Minister Dr. Swarnim Wagle said that this tax will be considered as the last profit tax.