• Thursday, October 02, 2014

  • banglalink
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Stock Investors

ICB seeks another Tk 300cr for affected stock investors

The Investment Corporation of Bangladesh has sought the second instalment or Tk 300 crore of a Tk 900-crore refinance scheme from the central bank for the stock investors who were affected by a market debacle two and a half years ago. The state-run ICB has already disbursed around Tk 300 crore among the investors and sent a letter to Bangladesh Bank on Thursday for the new fund. The finance ministry approved the refinance scheme in August last year in line with...

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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