The amount of taxes earned from the Dhaka Stock Exchange (DSE) continued to decline in tandem with the turnover trimmed in recent months.
According to DSE statistics, the government earned Tk 156.3 million as tax at source in the month of April which was Tk 217.1 million in the previous month (March).
In February it was Tk 114.9 million.
As per existing rules, the government earns Tk 2250 against the transaction of Tk 10 million in the bourses.
A bearish trend in the capital market has pulled down the government's earnings from stocks, as the trading value is on the decline.
The daily turnover dipped to Tk 3.44 billion Monday on the DSE.
The government earned tax Tk 471.7 million, the ever highest in November of 2010 from the stock trading of DSE.
In the previous budget, the government increased tax to Tk 0.05 from Tk 0.025 on every transaction of Tk 100.
"Tax flow goes down as the trading volume is on the decline", a DSE insider told the FE.
A lack of confidence among the investors and a credit crisis have hit the trading volume on the market, DSE sources pointed out.
Market operators said the government should seriously consider the stock market as an 'earning zone' with creating an enabling environment.
"When the government is being deprived of huge amount of taxes from its own entities years after years, we deposited a very good amount of taxes to the state coffer during the last few years," a DSE member said.
He said no efforts from the government is needed to collect taxes from the stock market though it (government) has to launch special drives to collect the same from other organizations.
A recent report said that an amount of Tk 5.0 billion remained unpaid as taxes from Bangladesh Petroleum Corporation (BPC), DESA, DESCO, Bridge Division and Biman.
According to DSE statistics, the government earned Tk 156.3 million as tax at source in the month of April which was Tk 217.1 million in the previous month (March).
In February it was Tk 114.9 million.
As per existing rules, the government earns Tk 2250 against the transaction of Tk 10 million in the bourses.
A bearish trend in the capital market has pulled down the government's earnings from stocks, as the trading value is on the decline.
The daily turnover dipped to Tk 3.44 billion Monday on the DSE.
The government earned tax Tk 471.7 million, the ever highest in November of 2010 from the stock trading of DSE.
In the previous budget, the government increased tax to Tk 0.05 from Tk 0.025 on every transaction of Tk 100.
"Tax flow goes down as the trading volume is on the decline", a DSE insider told the FE.
A lack of confidence among the investors and a credit crisis have hit the trading volume on the market, DSE sources pointed out.
Market operators said the government should seriously consider the stock market as an 'earning zone' with creating an enabling environment.
"When the government is being deprived of huge amount of taxes from its own entities years after years, we deposited a very good amount of taxes to the state coffer during the last few years," a DSE member said.
He said no efforts from the government is needed to collect taxes from the stock market though it (government) has to launch special drives to collect the same from other organizations.
A recent report said that an amount of Tk 5.0 billion remained unpaid as taxes from Bangladesh Petroleum Corporation (BPC), DESA, DESCO, Bridge Division and Biman.