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a year ago

No fresh incentives for stock market in budget

Investors monitoring stock price movements on computer screens at a brokerage house in the capital city — FE/Files
Investors monitoring stock price movements on computer screens at a brokerage house in the capital city — FE/Files

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The stock market investors will not get any new incentives in the national budget as the finance minister proposed no incentive for the stock market investors in the national budget.

The government, however, did not cut the existing tax incentives offered for the capital market.

Currently, the listed companies other than tobacco, telecom, banks and non-bank financial institutions have to pay 20 per cent corporate tax.

The corporate tax rates currently in effect in Bangladesh will be continuing. “As a part of efforts to achieve tax GDP growth targets, I am proposing to retain the existing structure of corporate tax rate,” said Finance Minister AHM Mustafa Kamal in his budget speech.

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