Financial advisor said that the tax rate on capital gains earned from the sale of shares of companies listed in the capital market has been reduced to 15 percent. Dhaka Stock Exchange Brokers Association of Bangladesh (DBA) thanked and thanked Salehuddin Ahmed.
In a message sent from DBA on Monday (November 4), the president of the organization Saiful Islam congratulated the finance adviser.
The DBA President said that the tax exemption on capital gains was much needed to overcome the long market slump and increase liquidity flow to invest the market. In this regard we have already recommended to the Finance Advisor for withdrawal of existing tax on capital gains. On behalf of the DBA, we extend our deepest thanks and gratitude to the Finance Advisor for considering our recommendation and reducing the rate of tax on capital gains to 15 percent. Through this tax exemption, his goodwill and sincerity towards the capital market has been reflected. As a result of this the arrival of local and foreign investors in the capital market, the capital market investment will be prosperous.
Saiful Islam said, we have noticed that the financial advisor has a special focus on the capital market. We hope he will consider our recommendations carefully and make the capital market a well-organized and strong sector through the proposed reforms.
Special thanks and gratitude to all the media workers including National Board of Revenue (NBR) Chairman Abdur Rahman Khan, Bangladesh Securities and Exchange Commission (BSEC) Chairman Khandaker Rashed Maqsood, Dhaka Stock Exchange (DSE) Chairman Mominul Islam for playing an effective role in reducing the tax rate on capital gains. DBA President said.
He said, everyone is implementing the recommendations given to us one by one, giving utmost importance to the capital market from their own position. Hopefully, with the positive initiatives of the current government and regulatory bodies, we will soon see an investment-friendly and business-friendly capital market.
In the development and progress of the capital market, we express our desire to work together with the government, BSEC, NBR, DSE and the media in the future as in the past and we assure to provide necessary cooperation.
