The government is set to offer tax holiday facility for Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) for the next five years until 2019, in the budget for fiscal year 2014-15.
It may also allow capital market investors to enjoy an increased tax-free ceiling on dividend income up to Tk 15000, up by Tk 5000, from FY 2014-15.
Tax on commission of local Letters of Credit (L/C) might be cut to 3.0 per cent from the existing 5.0 per cent.
The changes will be proposed by Finance Minister AMA Muhith today (Thursday) in the parliament.
A ceiling of Tk 0.5 million may be incorporated for exemption in tax-at-source for small savers' investment in savings instruments to "ease their tax burden".
Currently, small savers have to pay tax-at-source at 5.0 per cent on the income from savings certificates.
However, the income derived from savings instruments will be added to the actual income at the time of submission of tax return.
Tax officials have said there is a strong possibility on the continuation of the existing 'black money whitening' opportunity through purchase of flats until June 30, 2015.
However, the existing provision on voluntary disclosure of income through payment of 10 per cent penal tax will remain unchanged.
The mobile phone sector might see levying of tax on replacement of SIM and on import of mobile phone sets.
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