Government removes capital gains tax on bonds for foreign investors, ordinance issued

The government issued an ordinance eliminating capital gains tax on government bonds for foreign investors. The tax removal applies specifically to gains earned on bond holdings. The change aims to make the bond market more attractive to overseas capital. Officials said the measure could boost foreign investment inflows. The ordinance was announced through official channels. Existing foreign investors are expected to benefit immediately. Market observers will assess the impact on bond demand and yields. The policy shift reflects a broader effort to liberalize financial regulations.