NEPSE and CDS submit proposal for CGT calculation on the basis of weighted average price

NEPSE and CDS & Clearing submitted the proposal of CGT calculation on the basis of weighted average price on Thursday. SEBON will be now discussing the proposal submitted by both the entities along with other important suggestions. After board’s approval of the proposals, the dragged issue of CGT will be finally resolved.

Previously, SEBON had denied resolving the issue of CGT claiming that it does not come within the criteria of SEBON’s functionality. However, Ministry sent a letter to SEBON on Wednesday directing SEBON to solve the issue within three days. On a previous discussion following decision had been made:

"The CDS and clearing will be determining the average price of shares from 2058 BS till 2076 BS (Ashad end) based on the highest and lowest price during this period. The amount that comes from this calculation will be used as the base price for CGT calculation."

Besides, how will the CGT calculated on the transactions that were done before implementation of D-mat account (2072 Magh) is still not resolved.