Economic Reporter :
Dhaka Stock Exchange (DSE) on Sunday sought full tax exemption from its income for the next three fiscal years (FYs) as the country’s main bourse believes that such a facility would help increase the
investment capacity of the stock exchanges and continue the ongoing reform activities.
“The de-mutualization scheme is a five-year government approved continuous process. So, the government should give full tax exemption facility till 2019 under the scheme to help the bourses continue their ongoing reform activities and build infrastructure investment capacity,” said a statement issued by DSE which submitted to the National Board of Revenue (NBR) during a pre-budget meeting.
In the budget proposal for the coming year, DSE also proposed Taka 1,00,000 in place of the existing Taka 25,000 to be excluded in terms of tax exemption from the dividend of total Income of a small investor in the share market.
“Considering the present market scenario, small investors should be allowed for tax exemption up to Taka 100,000 on dividend income, it will help to attract the small investors to invest in capital market that will ultimately enhance the capital market growth and development,” the statement added.
DSE also said small investors will be benefited as they have suffered a lot due to market turmoil previously.
“If small investors are allowed for tax exemption up to Taka 100,000 on dividend income and treated as final discharge of tax liability after exemption limit, it will help to attract the small investors to invest in the capital market which will ultimately enhance the capital market growth and development,” the statement added.
At present the capital market is facing serious liquidity crisis. If the provision as proposed is taken in to consideration, it will help reduce the liquidity crisis of capital market.
Dhaka Stock Exchange (DSE) on Sunday sought full tax exemption from its income for the next three fiscal years (FYs) as the country’s main bourse believes that such a facility would help increase the
investment capacity of the stock exchanges and continue the ongoing reform activities.
“The de-mutualization scheme is a five-year government approved continuous process. So, the government should give full tax exemption facility till 2019 under the scheme to help the bourses continue their ongoing reform activities and build infrastructure investment capacity,” said a statement issued by DSE which submitted to the National Board of Revenue (NBR) during a pre-budget meeting.
In the budget proposal for the coming year, DSE also proposed Taka 1,00,000 in place of the existing Taka 25,000 to be excluded in terms of tax exemption from the dividend of total Income of a small investor in the share market.
“Considering the present market scenario, small investors should be allowed for tax exemption up to Taka 100,000 on dividend income, it will help to attract the small investors to invest in capital market that will ultimately enhance the capital market growth and development,” the statement added.
DSE also said small investors will be benefited as they have suffered a lot due to market turmoil previously.
“If small investors are allowed for tax exemption up to Taka 100,000 on dividend income and treated as final discharge of tax liability after exemption limit, it will help to attract the small investors to invest in the capital market which will ultimately enhance the capital market growth and development,” the statement added.
At present the capital market is facing serious liquidity crisis. If the provision as proposed is taken in to consideration, it will help reduce the liquidity crisis of capital market.
