Dhaka, May 1 -- Individual investors' capital gains from stocks will not be taxed, said Professor Shibli Rubayat Ul Islam, chairman of The Bangladesh Securities and Exchange Commission (BSEC).
The International Monetary Fund (IMF) prescription to tax individual investors' capital gains from listed securities, among many others, would not be possible to implement in the present context of Bangladesh, he said while talking to representatives of the Capital Market Journalists Forum (CMJF) at his office on Tuesday.
"I had talks with the National Board of Revenue (NBR), and they informed me that the capital gains tax would not be imposed on individual investors," the BSEC chairman said.
The IMF suggested that Bangladesh cut tax exemptions, in...