Capital Market in Budget 2021: Things To Know

KATHMANDU: Finance Minister Bishnu Prasad Poudel, on Saturday, unveilled the budget for 2021-22 and below are major highlights of the budget related to country’s capital market.

1. Nepal Telecom divestment up to 22%. To be provided to NT’s customers.

2. STC rebates

3. Capital Gain Tax on short term (up to 365 Days) 7.5% for individual

4. Banking : Margin further squeezed due to Various Interest Subsidized loans and Tax benefit of merger / acquisition available for same class institutions acquisition of B and C class won’t be in priority

5. Insurance : Home Insurance Rebate, Expansion of Coverage

6. Mutual fund / JV / PE fund income tax exempted