today market drop bcz of CTC not CGT

stockback · 1 today market drop bcz of CTC not CGT Tue Jun 28, 2016 3:24 pm

stockback

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today market drop bcz of CTC not CGT

CGT is not big issue. paying 10% tax from your profits and you will keep 90% profit and its will be implement of this year October.

EquityChamp · 2 Re: today market drop bcz of CTC not CGT Tue Jun 28, 2016 3:43 pm

EquityChamp

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Identifying the taxable gain to tax is the biggest issue. The practical difficulties can't be addressed though the current system and new system need to be implemented. On the other hand why STL if CGT is going to come?

stockback · 3 Re: today market drop bcz of CTC not CGT Tue Jun 28, 2016 8:16 pm

stockback

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to implement CGT is take more time. in the system level

and how its margin accounts, if Government issue Capital Loss Relief. then Government does not take much advantage, bcz one side gain and also one side loosing money.

for Land and Vehicle is ok for short term treading.

I am not scare CGT. stupid people scared for this. why you not like to pay 10% from your profit. and keep 90% profits. for that people loosing money by selling stocks this level

people has to think and re-think...

Pac-man · 4 Re: today market drop bcz of CTC not CGT Tue Jun 28, 2016 9:04 pm

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Kela wenawa bung mahinda mama meeta wada kochhara hodai da

cseguide · 5 Re: today market drop bcz of CTC not CGT Tue Jun 28, 2016 9:09 pm

cseguide

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stockbac wrote:

CGT is not big issue. paying 10% tax from your profits and you will keep 90% profit and its will be implement of this year October.

Government get VAT, NBT, income TAX etc. from companies . Then when the same shares are traded on CSE we have to pay CDS fee+CSE fee+SEC fee+ Govt Cess+ brokerage. In addition when companies pay dividend government that is also taxed by withholding tax. After paying whole this if we still have a profit we have to pay another 10% from that.
Will foreign investors come to pay all these taxes to Sri lanka. Is there no other country to go them? Compare to other markets sri lanka is a tiny market. Also low liquidity. Because of this lots of foreign funds reluctant to come to Sri Lanka. After putting another tax will they come? Every day lots of foreign selling . After this tax will foreigners come here. Even war time net foreign buying. now net selling and outflow of money. After implementing CGT foreigners will rush to world trade center (CSE) to buy shares!!