• Tuesday, October 21, 2014

Tax income from stocks rises 47pc

Star Business Report

The government's tax earnings from the stockmarket rose around 47 percent year-on-year in the first half of this year, riding on higher trade volumes.
The government earned Tk 54.15 crore in taxes between January and June, up from Tk 36.89 crore in the same period last year, according to data from Dhaka Stock Exchange.
Average daily turnover accelerated almost 11 percent to Tk 444 crore in the first half of 2014 from the same period a year ago.
The benchmark index of the premier bourse, DSEX, rose 5 percent to 4,480 points between January 1 and June 30.
The DSE, on behalf of the government, collects the tax as brokerage commission at 0.05 percent and deposits the amount to the state coffers.
The DSE recorded the highest monthly tax earnings of the year so far—Tk 12.53 crore—in January, while the lowest was Tk 5.84 crore in May.
The government's earnings from tax on sales of sponsor and placement shares were Tk 20.35 crore in the January-June period.

Published: 12:00 am Friday, July 04, 2014

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