The Securities Exchange Board of Nepal (SEBON) has submitted the Ministry of Finance (MINFNC) the necessary recommendations for inclusion in the upcoming budget.
The following is a list of SEBON’s suggestions to MINFNC:
- Capital gains tax reduction. SEBON has proposed a 6.5 percent capital gains tax on short-term investments and only 4% on long-term investments. To increase investor confidence, the SEBON proposed lowering capital gains taxes. It was previously increased to 7.5 percent for short-term investments and 5% for long-term investments for a one-year period.
- Make arrangements for income from specialist investment funds to be tax-free.
- To examine the costs of investing in the primary and secondary…
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