Historic Capital Gains Tax Collection: Over NPR 15 Billion in 11 Months, Traders Dominate the Market

In the current fiscal year 2081/82 (2024/25), Nepal has witnessed a historic rise in capital gains tax (CGT) collected from stock market transactions. According to the CDS and Clearing Limited (CDSC), over NPR 15.30 billion has already been collected by the end of Jestha (11th month)—the highest CGT collection in Nepal’s stock market history.

With the data from Asadh (final month) still pending, the final figure is expected to rise further, potentially setting a new all-time record in stock market revenue contribution to the government.

• FY 2076/77 – NPR 985 million

• FY 2077/78 – NPR 14.13 billion (previous highest)

• FY 2078/79 – NPR 10.35 billion

• FY 2079/80 – NPR 2.97 billion

• FY 2080/81 – NPR 5.50 billion

• FY 2081/82 (first 11 months) – NPR 15.30 billion+

This year’s performance has already surpassed all previous records, even before the fiscal year ends.

Analysts attribute this surge to several factors:

• Increased trading volume in the secondary market

• Active participation from both retail and institutional investors

• Improved enforcement of the capital gains tax collection system

• A noticeable rise in short-term trading by market traders, influencing daily turnover

This historic CGT revenue signals that capital markets are becoming a strong and reliable tax base for the government. It also reflects the increasing maturity of Nepal’s stock market, driven by both policy effectiveness and rising investor interest.

This marks a major milestone in Nepal’s capital market development and fiscal contribution from securities trading.