Kathmandu. The government’s revenue has also dropped drastically due to the lack of momentum in the stock market.
Investors’ confidence in the stock market has not yet increased. Even though the government has made the policy system flexible, the investors have not been convinced.
As a result, the government’s revenue from the stock market has fallen drastically. According to the CDSC data, the government has collected Rs 3.72 billion in capital gains tax from the share market in the first quarter of the current fiscal year. In the first quarter of the last fiscal year, the government had collected Rs 7.40 billion in capital gains tax. The capital gains tax received by the government has decreased by 59.43 percent in the review period compared to the previous year.
In the current fiscal year, the investors have paid a total of Rs 24.36 crore in capital gains tax. In September last year, investors had paid Rs 58.65 lakh in capital gains tax. The capital gains tax has decreased by 58.47 percent in the review year compared to the previous year.
In the current fiscal year, long-term individual investors have paid Rs 10.70 crore and short-term individual investors have paid Rs 9.40 crore in capital gains tax. As per the provision, long-term investors will have to pay 5 percent of the profit and 7.5 percent capital gains tax for short-term investors.
Similarly, the institutional investors have paid Rs 4.24 crore in capital gains tax in September. Institutional investors have to pay 10 percent capital gains tax.
