The recently demutualised stock markets are likely to get tax exemption for the next five years for the capacity building and strengthening its future profitability prospect.
Finance Minister AMA Muhith made the proposal yesterday taking into account the good governance in the capital markets by reforming the legal and regulatory framework within the last couple of years.
Muhith also proposed to raise of tax free dividend income ceiling to Tk15,000 from the existing Tk10,000 to compensate for the sufferings of small scale investors in FY 11.
According to the budget proposal, a financial reporting council is to be formed through the enactment of the Financial Reporting Act in addition to the formation of a clearing house, which will speed up the inclusion of a derivative market, said Professor Bala, in a press release.
The DSE reported a net income of Tk1155.2m during FY13, which was exempted from tax.
