Govt revenue earnings from DSE static

The government's revenue earnings from Dhaka Stock Exchange (DSE) remained almost static during the fiscal year (FY) 2014-15 compared to the earnings observed in previous FY.
During the FY 2014-15, the government's revenue from the DSE stood at above Tk 1.72 billion, whereas the revenue collection was above Tk 1.53 billion in the FY 2013-14.
The market insiders said, the revenue collection remained almost same during the FY 2013-14 and FY 2014-15 amid lukewarm trading amid investors' shaky confidence.
The government's revenue comes from taxes imposed on share transaction and sales of sponsors' shares.
The TREC (trading rights entitlement certificate) holders pay tax on turnover at a rate of 0.05 per cent whereas the sponsors pay 5.0 per cent tax on the sales of their shares.
Of Tk 1.72 billion, revenue over Tk 1.12 billion came from transaction of shares executed through the DSE during the FY 2014-15.
During the same period, tax revenue above Tk 609 million came from the sales of sponsor shares.
In the FY 2013-14, the government's revenue earnings were above Tk 1.12 billion and over Tk 413 million came from transaction of shares and sales of sponsor shares respectively.
The revenue earning was the lowest in February of the FY 2014-15 as the turnover value declined significantly in that month on the premier bourse.
In February of the FY 2014-15, the DSE witnessed  turnover ranging between Tk 1.86 billion and Tk 3.46 billion.
The highest amount of revenue above Tk 175.8 million was earned in September of the FY 2014-15 due to increased turnover in the premier bourse.
During September of the FY 2014-15, the turnover value crossed Tk 12.0 million.
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