Stock brokers of the Dhaka Stock Exchange (DSE) want a two-year tax holiday with waiver of gain tax on sales proceed of DSE shares in the upcoming budget for the fiscal year 2017-18. The leaders of the stock brokers also urged the government to increase tax-free amount of dividend for small investors from Tk25,000 to Tk1 lakh. In the written proposal placed to the DSE management recently, the brokers made recommendations for two year tax holiday with waiver of gain tax on sales proceed of DSE shares to attract strategic pattern. The platform of the brokers also demanded reduction of rate of Advance Income Tax (AIT) on trade volume from 0.05% to 0.015% and 10% tax on dividend as final tax liability. To encourage multinational and local big companies to be listed on the stock market, the brokers urged the government to reduce tax gap between listed and non-listed companies.

Source: Dhaka Tribune March 11, 2017 18:00 UTC