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CAPITAL GAINS TAX ACT
This time, it comes in the form of a 25 per cent capital gains tax on listed equities, charged if the proceeds are reinvested outside the stock market into fixed income or other non-equity assets.
Profit from sale of shares to face 25% capital gains tax if proceeds are reinvested in fixed income securities like treasury bills, bonds etc
The Finance Bill which is targeted at amending six tax provisions in the country has been passed by the National Assembly.