SEBON acknowledges confusion prevails on capital gain tax as final tax matter; requests IRD to implement this as final tax

Securities Board of Nepal (SEBON), the apex body of the capital market of the country, has acknowledged that the prevailing 5% capital gain tax (CGT) for the general investors and 10% CGT for the institutional investors has been creating confusion while processing for tax clearance certificate from the inland revenue department (IRD), since few departments consider it as the final tax while some ignores it due to absence of clear guidance on this matter.

Hence, SEBON has requested the concerned department i.e. IRD to clear the confusion as soon as possible and implement it as the final tax mechanism from the investors perspective.  

This step of the regulatory body will definitely give some respite to the investors. Now, hopefully, the concerned department will also work on it and implement as suggested by the SEBON.