DBA proposes a number of proposals, including reducing tax on capital gains in the budget

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DBA proposes a number of proposals, including reducing tax on capital gains in the budget

In order to stabilize the capital market, the DSE Brokers Association of Bangladesh (DBA), the organization of brokerage firms of the Dhaka Stock Exchange, has made several proposals, including reducing tax on capital gains or capital profits on investments in the stock market, in the upcoming budget for the fiscal year 2025-25.

These proposals were outlined in a letter written to the chairman of the National Board of Revenue on Monday (March 17). It proposes increasing the tax rate on capital gains to a maximum of 10 percent instead of 15 percent, increasing the investment limit while keeping the amount of tax concession unchanged, and increasing the tax gap between listed and unlisted companies to at least 15 percent to encourage companies with good fundamentals to list in the capital market.

The Dhaka and Chittagong Stock Exchanges, Association of Bankers Bangladesh Limited, DSE Brokers Association of Bangladesh and Merchant Bankers Association presented budget proposals in the pre-budget discussion. The organizations proposed tax exemption for the capital market.

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