• Monday, November 24, 2014

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Policy Research Institute

Tax on large capital gains from stocks

Stock investors are set to be slapped with a 3 percent tax on capital gains upwards of Tk 10 lakh in the upcoming fiscal year, as part of the government's efforts to meet the ambitious revenue target. Furthermore, for gains above Tk 20 lakh, a 5 percent tax will be applicable, a big dent for general investors whose capital gains from the stockmarket remained tax-free to date. The move comes in a bid to collect some revenue for the national coffers...

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