The budget approved for the current fiscal year by the previous parliament had kept the tax rate on capital gains unchanged at 30 percent. The interim government has taken a number of steps with regard to the capital gains tax, including reducing the surcharge on the net assets of the investor. “The commission had previously urged the government and the NBR to reduce the capital gains tax as a reasonable measure. Including the surcharge and the capital gains tax, the total tax rate on stock market income could go as high as 40.50 percent. Based on the new decision, the tax rate on capital gains from shares traded within five years will now be 15 percent.

Source: bd News24 November 04, 2024 21:20 UTC