The government has received Rs 972 million in capital gains tax from the stock market over the past month. According to the data of CDS and Clearing Limited, the capital gains tax raised between January 16 to February 12 is the highest in the current fiscal year.
The government has been collecting capital gains tax by maintaining two rates for the stock market investors. Investors who hold shares for one year or less and sell them have to pay a 7.5 per cent capital gains tax on the profit, while investors who hold them for one year or more and sell them have to pay 5 per cent on the profit.
Of the total amount raised in January, Rs 163.1 million is the amount paid by individual investors who have held and sold shares for more than a year.
Similarly, a tax of Rs 524.4 has been raised on the profit made from the shares sold after holding for a short period i.e. less than a year.
The remaining Rs 46.5 million was collected from institutional investors.
