Tax officials, brokers reach deal to resume NEPSE from Sunday

Kathmandu, June 30

Nepal Stock Exchange says its brokers who were agitated following a government notification served to them to clear VAT related to share transactions dating back to four years.

NEPSE’s Managing Director Sitaram Thapalia said the Ministry of Fiance has told the exchange to resume trading as it will consult with the brokers to find an amicable solution to the problem. An agreement was reached between the government and the brokers during a discussion on Friday, a day after the brokers went on strike. Thapalia said the government will soon decide a cut-off date for VAT on share trading.

On Thursday, the Department of Inland Revenue had written two brokers based in Kathmandu to pay up VAT for the last four years.



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