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Tax-free dividend income raised to Tk 50,000 from Tk 25,000;
15% additional tax imposed on retained earnings over 50% of paid-up capital
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Foreign firms which have made a name around the world through trading in stock markets see huge business potential in Bangladesh and are interested to establish their footprint in the country.
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Stock markets remain skittish ahead of the unveiling of a national budget as the government’s annual financial plan in recent years has mostly lacked incentives needed to shore up investors’ confidence.
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Seeing GBB Power was on a rising streak in the later half of 2017, Motahar Hossain decided to put most of his money in the stock in January 2018 -- anticipating a handsome cash dividend.
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Stock investors have urged the government to widen the tax exemption limit on dividend earnings by four times considering the sluggish market for a long time.
