State revenue earnings from the Dhaka Stock Exchange declined by 82.61% or Tk72.90 crore in the July-October period of the current FY24 compared with that from the same period of the previous financial year.
The National Board of Revenue received taxes worth Tk88.25 crore in July-October of FY24 against Tk161.15 crore in the same period of FY23, according to DSE data.
The DSE, on behalf of the government, collects tax on TREC holders’ commission and share sales at the rate of 0.05% and 5% respectively and deposits the amount to the government exchequer.
Tax collection from TREC holders’ commission, also known as brokerage commission, declined by 176% to Tk48.89 crore in FY24 compared to the same period of the previous fiscal, as most of the share prices remained stuck in their floor prices amid political tensions and economic woes in the country.
In July-October period of FY23, Tk134.79 crore came from the tax on Trec holders’ commission.
However, revenue collection on share sales by sponsor-directors and placement holders increased by 33.02% to Tk39.36 crore against Tk26.36 crore collected in the same period of the previous financial year, according to DSE data.
In October of the current financial year, tax revenue from DSE has increased by 207.88% to Tk40 crore compared with that of the previous month, it said.
In September of FY24, tax revenue from DSE was Tk13 crore.
In October of FY24, revenue collection from members of stock exchange or Trec holders’ commission fell by 10.78% or Tk1.1 crore to Tk10.25 crore, which was Tk11.36 crore in the same month of the previous financial year.
The government revenue earnings from the DSE was Tk276.66 crore in FY23 which was Tk359.30 crore in FY22, according to DSE data.
