Taxes & rules
NEPSE CGT rates in FY 2083/84: now 5% short-term and 3.75% long-term.
Capital gains tax on shares changed twice in FY 2083/84. The budget raised it from 17 July 2026; the government cut it again from 22 September 2026. For a sale today an individual pays 5% on shares held 365 days or less and 3.75% on shares held longer. Here is the timeline, worked examples and what it means for holding decisions.
5 min read · Updated · 25 Sep 2026
The rates, by the date you sell
The rate follows the date of the sale, not the date you bought. For an individual selling shares listed with SEBON:
| Sold | Held 365 days or less | Held longer |
|---|---|---|
| Before 17 July 2026 | 7.5% | 5% |
| 17 July to 21 September 2026 | 10% | 7.5% |
| From 22 September 2026 | 5% | 3.75% |
The holding-period boundary has not changed: exactly 365 days is still short-term, and you need at least 366 days for the long-term rate. The budget also made CGT on shares a final tax, so a gain taxed at source is not added to your income again.
Why it changed twice
The FY 2083/84 budget raised both rates from Shrawan 1, 2083 (17 July 2026). Trading slowed and capital gains tax revenue from shares fell. On 15 September 2026 the Finance Ministry announced the Capital Market Strengthening and Revival Action Plan, which halved the rates; Cabinet approved it and it took effect when published in the Nepal Gazette. See the 21-point reform plan for the rest of the plan.
Who is this for?
These rates apply to resident individual investors selling listed shares on NEPSE. Institutions pay different rates. If you trade through a company or a fund, ask a tax professional which rate applies.
Worked example: a short-term sale
You bought 200 shares of ABC Bank at NPR 400 and sell at NPR 500 137 days later, so the sale is short-term.
| Buy amount (200 × 400) | NPR 80,000 |
| Sell amount (200 × 500) | NPR 100,000 |
| Approximate gain, ignoring fees | NPR 20,000 |
| CGT if sold from 22 Sep 2026 (5%) | NPR 1,000 |
| CGT if sold 17 Jul to 21 Sep 2026 (10%) | NPR 2,000 |
| CGT if sold before 17 Jul 2026 (7.5%) | NPR 1,500 |
The broker deducts CGT at source on the contract note, so the cash you receive at T+2 already reflects it.
Worked example: a long-term sale
The same shares, held for 400 days.
| Approximate gain, ignoring fees | NPR 20,000 |
| CGT if sold from 22 Sep 2026 (3.75%) | NPR 750 |
| CGT if sold 17 Jul to 21 Sep 2026 (7.5%) | NPR 1,500 |
| CGT if sold before 17 Jul 2026 (5%) | NPR 1,000 |
What does this mean for holding decisions?
The gap between the two rates is now 1.25 percentage points (5% against 3.75%), half what it was. On a gain of NPR 1 lakh, crossing into long-term now saves NPR 1,250 in tax, against NPR 2,500 before. Waiting past day 365 still lowers the tax, but by less, so the price over those days matters more than it did.
In the Punji app, Portfolio Insights counts down the days until each holding becomes long-term and estimates what waiting would save. The NEPSE share calculator applies the rate for the sale date, with every fee.
Where to read more on how CGT is calculated
If you are new to CGT in Nepal, read the full CGT guide first. It covers cost (your WACC, broker fees and SEBON charges included), the FIFO holding period for shares bought in lots, and why the calculation is more involved than multiplying the gain by the rate.
Sources
- Govt revokes increased CGT on share transactions after NEPSE slump Republica, Sep 2026
- Capital gains tax rates reduced: decision published in the Gazette ShareHub (from Sharesansar), Sep 2026
- Government rolls out sweeping capital market reform plan The Kathmandu Post, 15 Sep 2026
- Highlights of the Federal Budget of Nepal, FY 2083/84 ICAN, May 2026
- Capital gains tax on share transactions increases from today under new rules Bajarko Chirfar, 17 Jul 2026
Common questions
Answered plainly.
From 22 September 2026, an individual pays 5% capital gains tax on shares held 365 days or less and 3.75% on shares held longer. The broker deducts it at source when the sale settles, and it is a final tax.
From 17 July 2026, the start of FY 2083/84, the budget set 10% on shares held 365 days or less and 7.5% on shares held longer. Those rates applied to sales up to 21 September 2026. Before 17 July 2026 the rates were 7.5% and 5%.
The government announced the Capital Market Strengthening and Revival Action Plan on 15 September 2026, after share trading slowed and capital gains tax revenue from shares fell. Cabinet approved the cut and it took effect when published in the Nepal Gazette.
No. Exactly 365 days held is still short-term; you need at least 366 days for the lower long-term rate. The gap between the two rates is now 1.25 percentage points, down from 2.5.
Yes. CGT is charged on the realised gain: your net sale proceeds minus your cost (your MeroShare WACC, fees included). If you sell at a loss, no CGT applies.
Read next
The rest of the guide
- Margin, intraday and short selling in Nepal, explainedWhat each one means if you have never met it, which you can legally use on NEPSE today, and what each does to you when the price goes the wrong way.
- Nepal's 21-point capital market reform plan explainedEvery dated deadline in the 15 September 2026 plan: margin lending, intraday trading and short selling by mid-October, a second benchmark index and ETFs by mid-December, and the capital gains tax cut that took effect on 22 September.
- NEPSE 15% price limit and circuit breakers explainedApril 2026: daily stock limit raised from 10% to 15%. Index circuit breakers at 5% (15-min halt) and 8% (close for day).
- SEBON new IPO rules 2026: retail discount and book-building changesHow book-building IPOs work: the 10% retail discount to the cut-off price, the 50-unit minimum, and what to check in the prospectus.
See it in NEPSE data
The numbers behind the guide
- NEPSE share pricesEvery company: latest close, 52-week range and who traded it.
- NEPSE floorsheetBroker buying and selling for every company, last 30 days.
- Share calculatorCommission, SEBON, DP and capital gains tax on a sale.
- Dividend historyCash and bonus declarations by fiscal year.
- NEPSE sectorsEvery sector and its listed companies.
- NEPSE brokersEvery broker by number, with its TMS address.
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