Sri Lanka removes share trading levy
Dec 31, 2015 15:32 PM GMT+0530 | 1 Comment(s)
ECONOMYNEXT – A share transaction levy of 0.3 percent from the buyer and seller on Sri Lanka’s stock exchange will be removed with effect from 1 January 2016, the Colombo stock exchange announced.
The proposal was announced in the government’s 2016 budget presented to parliament in November aimed at encouraging share market trading.
The CSE said in a statement that under the new fee structure, total transaction fees on equities up to 50 million rupees would be 0.82 per cent while the fees for trades over 50 million rupees would be 0.31 percent.
(Colombo/December 31, 2015)