ECONOMYNEXT – The Colombo Stock Exchange said it will re-impose the share transaction levy at the rate of 0.3 percent from Friday, 15 April, 2016.
The levy would be charged from every buyer and seller on the turnover of every share trading transaction done on the CSE, it said in a note to brokers.
The share transaction levy was removed from January 1 this year in accordance with a proposal in the Sri Lankan government budget for 2016 announced last year.
It is being re-imposed after a capital gains tax proposed in the budget was differed following opposition from investors.
The levy would be charged from every buyer and seller on the turnover of every share trading transaction done on the CSE, it said in a note to brokers.
The share transaction levy was removed from January 1 this year in accordance with a proposal in the Sri Lankan government budget for 2016 announced last year.
It is being re-imposed after a capital gains tax proposed in the budget was differed following opposition from investors.
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