I have a bit of a financial situation and could use some guidance. So, my father purchased IPO shares of Prime Bank a while back, and now I’m considering selling them. However, I have a question regarding the bonus shares we received and the potential tax implications. Can anyone shed some light on this?
View on r/NepalStock by Responsible_Rip_OP
Highlights:
- Union Life Insurance Company requests that shareholders pay taxes on 8.97% bonus shares.
- Prime Life Insurance and Butwal Power Company Bonus Shares Are Finally Listed on the NEPSE
- Gurans Laghubitta and Prime Commercial Bank Bonus Shares Are Finally Listed on the NEPSE
- Vijaya Laghubitta Calls an AGM on Chaitra 28 to Approve the 21.052% Dividend and Merger Agendas
- Union Life Insurance convenes its 5th AGM; endorses 8.97% bonus shares
It’s the same. 7.5% tax of the profit if you are holding the shares for less than 365 days. If your holding period is longer than 365 days, the tax rate is 5%.