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Shares Transaction Levy reimposed

12 April 2016 02:22 pm - 8     - {{hitsCtrl.values.hits}}


The Colombo Stock Exchange (CSE) today announced the reintroduction of Share Transaction Levy of 0.3 percent, which was removed by the 2016 budget.

The charging of the levy will come into effect from April 15, 2016.

Accordingly, 0.3 percent will be charged as a tax from every buyer and seller on the turnover of every share transaction conducted through the CSE.

  Comments - 8

  • sasith Tuesday, 12 April 2016 02:30 PM

    please issue a revised budget. most of them are re introduced. VAT NBT PAYE SHARE TRADING lavy etc etcCan any one please update us Budget passed vs curretly inforce...

    On Looker Wednesday, 13 April 2016 08:49 AM

    To please the masses the government bring down the cost in many items and also abolish certain taxes and later impose those more heavily. This is the stance and the work of the uneducated who only think about their purse at the expense of the poor countrymen. via DM Android App

    Ravi Wednesday, 13 April 2016 04:57 PM

    UNP has put out the worst and most idiotic budget in the world.

    Dinesh Wednesday, 13 April 2016 06:55 PM

    Can some please get rid of RK. A totally useless individual

    Sylvia Haik Wednesday, 13 April 2016 11:25 PM

    This is not the only tax investors in the Stock Exchange face. There's also a withholding tax on dividends earned and for foreign investors, there's a double whammy. They also face crippling charges and arbitrary exchange rates on their foreign currency.

    Sharon Thursday, 14 April 2016 10:49 AM

    Please resign and give back to MR. He gave us a stable Economy via DM iOS App

    Appu Thursday, 14 April 2016 01:03 PM

    I have invested nearly half million ruppees my overseas hard earned money which I should have bought hoppers for dogs. Though I am a citzen Cents I earned as dividends also withheld beacuse I cannot prove I staying in SL. I dealt with overseas Exchages and never had a single problem.Whole CSE is a mess and dont ever get involved unless u have black money. Full of speculators not investors. via DM Android App

    Appu Thursday, 14 April 2016 03:59 PM

    I just received a letter from a firm asking crappy questions and can upload to DM as proof to show defeciencies of CSE if required. via DM Android App

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