The Dhaka Stock Exchange on Sunday urged the National Board of Revenue to take supportive measures for fostering market stability and growth.
A DSE delegation, led by its chairman Mominul Islam, met NBR chairman Md Abdur Rahman Khan on the day and submitted proposals emphasising the capital market.
The DSE observed that inconsistent policies and recent tax changes had dampened individual investor participation, causing daily trade volumes to fall sharply.
The DSE delegation said that the capital gains tax imposed through the Income Tax Act 2023, specifically targeting gains exceeding Tk聽50 lakh, discouraged investment, with trading volumes declining from Tk聽1,800 crore in February to below Tk聽300 crore in October.
The DSE requested to exempt individual investors from capital gains tax to stimulate activity and increase revenue from turnover taxes.
The other proposals included treating tax deductions on dividends as final for individual investors and allowing transaction losses to offset gains across sectors.
The NBR chairman acknowledged the market鈥檚 concerns, assuring that a balanced decision would be made in consideration of economic growth and investor confidence.
He urged the DSE to play a proactive role in upholding professional standards among market intermediaries.
