Finance Minister Abul Hasan Mahmood Ali announced that individual investors in the capital market will not be taxed on capital gains up to 50 lakh taka in the proposed budget for the 2024-2025 fiscal year. However, gains exceeding 50 lakh taka will be subject to taxation. He expressed hope that this measure would benefit stock market investors.
The minister made this statement on Friday, June 7, during a post-budget press conference at the Osmani Memorial Auditorium in the capital. Finance Secretary Dr. Md. Khairuzzaman Majumdar moderated the conference.
Local Government, Rural Development, and Co-operatives Minister Md. Tajul Islam; Industries Minister Nurul Majid Mahmud Humayun; Planning Minister Major General (Retd.) Abdus Salam; Housing and Public Works Minister A. M. Obaidul Muktadir Chowdhury; Prime Minister’s Economic Affairs Advisor Mashiur Rahman; Agriculture Minister Dr. Md. Abdus Shahid; Education Minister Mohibul Hasan Chowdhury Nowfel; State Minister for Commerce Ahsanul Islam Titu; State Minister for Finance Wasika Ayesha Khan; Cabinet Secretary Md. Mahbub Hossain; Bangladesh Bank Governor Abdur Rouf Talukder; and Chairman of the National Board of Revenue (NBR) Abu Hena Md. Rahmatul Muneem was also present at the press conference.
Finance Minister Ali further elaborated on the tax structure reforms aimed at controlling inflation. He highlighted that realized capital gains from stock market transactions exceeding 50 lakh taka would incur a 15% tax. Gains below this threshold would remain tax-free.
