Dhaka Stock Exchange Brokers Association of Bangladesh (DBA) has thanked the government and finance adviser Dr Salehuddin Ahmed for tax exemption on capital gains in the stock market.
The president of the organization Saiful Islam on Monday expressed gratitude to the finance adviser for such a time-befitting decision on the stock market.
In a statement, DBA President Saiful Islam said, “Tax exemption on capital gains was very necessary to overcome the long downturn of the market and increase the liquidity flow to invest the market.”
Earlier, the DBA already recommended to the finance adviser to withdraw the existing tax on capital gains.
On behalf of the DBA, “We extend our deepest thanks and gratitude to the finance adviser 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 domestic and foreign investors in the capital market will be prosperous, he said.