KATHMANDU:- Finance Minister Dr. Swarnim Wagle has announced that the capital gains tax levied on the sale of securities of listed companies will be implemented as a final tax.

Through the budget for the fiscal year 2083/84, the government has put forward a policy to provide more convenience in the tax system for investors investing in the stock market.

Presenting the budget for the upcoming fiscal year at a joint meeting of the Federal Parliament, Finance Minister Wagle informed that the necessary legal and policy arrangements will be revised to allow non-resident Nepalis to participate in the secondary securities market.

Finance Minister Wagle said that the arrangements related to foreign investment approval, accounting of investments, profit repatriation, and capital gains tax will be revised in a timely manner.

The government has addressed the issue of capital gains tax, which has been demanded by stock investors for a long time, through the budget.