Government Seeks Feedback on Capital Market Levies The government is seeking views from investors and experts as it reviews two capital market levies: long-term capital ...
The government is seeking views from investors and experts as it reviews two capital market levies: long-term capital gains tax (LTCG) and securities transaction tax (STT).
The consultation is taking place amid an exodus of foreign portfolio investors (FPIs). The government’s move puts the treatment of capital market transactions under review as policymakers gather feedback from market participants and specialists.
Investor and expert views could inform the government’s assessment of LTCG and STT. The available information does not specify the timeline for the review, the proposals being considered or any decision on changes to the levies.
For now, the review marks a government effort to seek external input while foreign portfolio investors are leaving the market.
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