Tax rate on capital gains over Tk 50 lakh now 15pc: NBR

Tax rate on capital gains over Tk 50 lakh now 15pc: NBR

The National Board of Revenue (NBR) today reduced the tax rate to 15 percent on capital gains above Taka 50 lakh from selling shares of listed companies on the stock exchanges for encouraging investment in capital market.
Previously, taxpayers had to pay 30 percent tax on the capital gains over Taka 50 lakh if the gains are realised in five years at any time of a year. In case of sales of shares after years of purchase, the rate of tax on capital gains would be 15 percent.
This information was disclosed in a press release published by the NBR today.