2024-05-21 05:22:17
The Nationwide Board of Income (NBR) is planning to impose a tax on capital positive factors within the capital market on the recommendation of the Worldwide Financial Fund (IMF). Nevertheless, the regulatory physique Bangladesh Securities and Change Fee (BSEC) doesn’t wish to impose tax on capital positive factors within the pursuits of capital market growth and traders. Subsequently, BSEC is in dialogue with NBR on this regard.
BSEC Government Director and Spokesperson Mohammad Rezaul Karim knowledgeable RisingBD on Monday (20 Could).
He mentioned, the choice to impose tax on capital positive factors is solely NBR’s. We’ve got nothing particular to do right here. Nevertheless, BSEC expects capital positive factors tax to not be imposed within the pursuits of capital market growth and traders. It’ll speed up the capital market. There’s nothing to say about this earlier than the finances announcement. We are going to know this when the finances is introduced. Nevertheless, BSEC doesn’t wish to impose tax on capital positive factors.
Based on the data, if the capital achieve of a person is greater than 40 lakhs each year, the tax could also be levied. Not too long ago, this matter was introduced up within the assembly of NBR officers with the Prime Minister concerning the upcoming finances. Nevertheless, it isn’t recognized at what price the tax will probably be imposed. Presently there isn’t a tax on capital positive factors within the capital market.
Yearly earlier than the finances, the IMF authorities give completely different recommendation to Bangladesh. Considered one of them is capital positive factors tax. However, this isn’t in any respect potential within the present context of the capital market. BSEC is in dialogue with NBR on this regard.