Please refer to "Income Determination - Capital Gains" for more details. Long-term capital gain: 10 (on sale of equity shares/units of equity oriented funds/units of business trust in excess of INR 100,000 and security transaction tax is paid). For others, 10 for non-residents (without cost inflation adjustment) 20 for residents/non-residents (with cost inflation adjustment). Short-term capital gain: 15 (if securities transaction tax paid on sale of equity shares/units of equity oriented funds/units of business trust). For others, normal slab rate applies. Above rates are to be enhanced by surcharge and health and education cess; and benefit of tax treaty for non-residents. Capital gains are subject to the normal CIT rate, except for certain tax objects subject to final income tax (see the Withholding taxes section). Capital gains are subject to the normal PIT rate, except for certain tax objects subject to final income tax (see the Individual tax summary). Capital gains are subject to the normal CIT rate. Capital gains are subject to the normal PIT rate. 33 33 NA NA Capital gains are subject to the normal CIT rate. 25 Capital gains are subject to the normal CIT rate. For financial investments, the PEX regime at 95% exemption may be applied, provided that the conditions set by the law are met. Capital gains are subject to separate taxation at 26% (normal PIT rate applies in certain instances). Capital gains are subject to the normal CIT rate. NA No capital gain tax regime. Transfer tax at 2% on transfers of Jamaican real estate and securities. No capital gain tax regime. Transfer tax at 2% on transfers of Jamaican real estate and securities. Capital gains are subject to the normal CIT rate. Gains arising from sale of stock are taxed at a total rate of 20.315% (15.315% for national tax purposes and 5% local tax). |