Dhaka Stock Exchange (DSE) wants the tax rate to be fixed at a flat 5% for the investment of undisclosed money in the stock market.
In the existing system, no questions are asked about the source of income. DSE also wants to continue it.
However, Chittagong Stock Exchange (CSE) representatives have proposed a 10% flat tax rate for the investment of undisclosed money in stocks.
Both the bourses made the calls during a pre-budget discussion at the National Board of Revenue (NBR) building in the capital’s Segunbagicha area on Tuesday.
During his speech at the meeting, DSE Chief Operating Officer M Saifur Rahman Mazumdar said that the proposed tax rate will bring undisclosed money to the formal economy and it will help with the development of the capital market.
Currently, the government allows the investment of untaxed money in the stock market with 25% tax, in addition to a 5% penalty on the payable tax.
