Kathmandu. The government has decided to reduce the capital gains tax. The Ministry of Finance has announced to reduce the capital gains tax on share trading, while releasing a 21-point action plan for capital market reforms.

This has been mentioned in the 20th of the ‘Strengthening and Revitalization Action Plan, 20 83′ issued by the Ministry of Finance.

‘In the case of a natural person, 3.75 percent of the benefit amount of the interest owned for more than 365 days and 5 percent of the benefit amount of the interest owned for a period of 365 days or less. The action plan states.

Similarly, it has also been announced to adjust the loss from the issue of of the shares listed in the action plan.

If a resident natural person or resident entity who has paid tax pursuant to the clause (2) of Section 95 of the Income Tax Act, has to suffer the loss computed pursuant to Section 37 of the issue of the securities listed in any income year, such loss shall be adjusted for the loss by deducting the from the issuance of the securities listed in the same income year.