Capital gains tax falls due to sluggish share trading
धितोपत्र बजारलाई व्यवस्थित गर्नेतर्फ काम गर्दै आइरहेका छौ: बोर्ड प्रवक्ता घिमिरे
लगानी न्यूज
Kathmandu. The capital gains tax received by the government has also declined due to the lack of share trading. According to the Securities Board of Nepal (SEBON), the government has collected Rs 10.70 billion in capital gains tax till mid-June of the fiscal year 2082/83.
In the fiscal year TAG_OPEN_div_41 2081/82, the government had received Rs 18.17 billion in capital gains tax.
Former president of Nepal Investors’ Forum, Chhote Lal Rauniyar, said that the decline in share trading has had a direct impact on the capital gains tax received by the government.TAG_OPEN_div_39
“Private sector investors are not able to invest in the stock market relatively due to lack of confidence. As a result, capital gains tax has also been affected,” he said, adding, “The government has fixed capital gains tax at 10 percent short-term and 7.5 percent in the long-term from the budget for the current fiscal year. ”
Previously TAG_OPEN_div_35, the tax rate was 7.5 percent in the short term and 5 percent in the long term. Not only the capital gains tax of the shares but also the capitalization of the stock market has fluctuated due to the fluctuations in the stock market in recent times.
In mid-October 2082, the NEPSE index reached 2,487.18 points, while the share market capitalization reached 4.157 trillion.TAG_OPEN_div_33 Similarly, by mid-April 2022, the NEPSE index had reached 2,833.60 points and the share market capitalization had reached Rs 4.832 trillion.
According to Nepal Stock Exchange (NEPSE), the Nepal Stock Exchange (NEPSE) index reached 2,594.27 points on August 24, 2083.TAG_OPEN_div_31
TAG_OPEN_div_29 Market capitalization is usually calculated by multiplying the price and number of shares listed on the stock market. Nepal Stock Exchange (NEPSE) Information Officer Murahari Parajuli said that the fluctuations in the secondary market of the stock should be generally considered. “It’s a normal process,” he said. ”
Information Officer Parajuli said that the capitalization of the stock market is also a normal process that increases when the price of shares rises and decreases.TAG_OPEN_div_27 “The share price went up last March. Therefore, the market capitalization has increased,” he said, “Now the share price has decreased.” Therefore, the market capitalization has decreased. ”
Spokesperson of the Securities Board of Nepal (SEBON) Niranjaya Ghimire said that the board has been working to make the stock market systematic.TAG_OPEN_div_25 “We are working to make the stock market systematic and disciplined,” he said.
According to the Securities Board of Nepal (SEBON), the NEPSE index reached 3196.03 points in August 2021 as per the ‘Nepal’s Capital Market Development Guide-2083’.TAG_OPEN_div_23 This is the highest point ever. Himal Lamsal/RSS
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