Dhaka: The National Board of Revenue (NBR) today announced a significant reduction in the tax rate on capital gains above Taka 50 lakh, lowering it to 15 percent for sales of shares in listed companies on the stock exchanges. This move aims to stimulate investment in the capital market.
According to Bangladesh Sangbad Sangstha, this decision marks a shift from the previous tax structure where taxpayers were required to pay 30 percent on capital gains exceeding Taka 50 lakh if realized within five years. For shares sold after several years of purchase, the tax rate was already set at 15 percent.
The NBR disclosed this change via a press release, emphasizing that the new tax rate of 15 percent will apply regardless of the amount of gains or the timing of the sales.
As a result, the overall tax burden for taxpayers with capital gains exceeding Taka 50 crore will decrease significantly, from 40.5 percent to 20.25 percent. This reduction also implies a lower tax burden for those with less wealth, as the rate o
f surcharge on net wealth will align with the new capital gains tax rate.