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Tax free limit of stock dividends raised to Tk 15,000

Update : 05 Jun 2014, 01:21 PM

The government has offered tax incentives to the small stock market investors as it has proposed an increase in the tax exemption limit on dividend income from the existing Tk10,000 to Tk15,000.

Finance Minister AMA Muhith has announced the proposed budget for the financial year 2014-15 in the parliament on Thursday.

The budget also provides Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – the two courses of the country - with tax exemption facility for next five years.

Finance minister AMA Muhith, with his budget speech has said that the tax exemption facilities for the five years is offered in a graduated rate for Demutualised Stock Exchange with a view to maintaining stability in capital market together with its continual expansion and strengthening.

Both the DSE and CSE were demutualised on November 21, 2013.

 

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