Nepal’s Finance Ministry Urges Investors to Ignore Rumors Amid Rising Capital Gains Tax

Nepal’s Finance Ministry has appealed to investors not to panic amid rising capital gains tax in the share market, which has been on the decline.

The new fiscal year 2083/84 began with a surge in capital gains tax, sparking concerns of growing dissatisfaction and frustration among investors.

Finance Minister Dr. Swarnim Wagle’s secretariat has urged investors to ignore rumors and not to be swayed by misinformation, as the government is working to address the concerns of the share market.

The share market has been experiencing a downturn, and the increase in capital gains tax has added to the woes of investors.

The ministry’s appeal comes as investors are reeling under the impact of the rising tax, which has led to a decline in share prices.

The government has assured investors that it is committed to addressing the issues facing the share market and is working to create a favorable environment for investment.