The Investor Sentiment - Equity and investments forum for Sri Lankans
Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
» Laughter the Best Medicine
Yesterday at 5:03 pm by Ethical Trader

» සිව් හෙලයේ ඉතිහාසය නිවැරදි කිරීම
Yesterday at 1:03 pm by කිත්සිරි ද සිල්වා

» Dividend Announcement
Yesterday at 11:47 am by Rana

» ප්‍රගීත් එක්නැලිගොඩ: "ෆයිල් අතුරුදහන්වීම" ගැන සන්ධ්‍යා හමුදාපතිට කිවූ දේ
Thu Jan 18, 2018 12:13 pm by Ethical Trader

» China offers best chance for SL development: CB
Thu Jan 18, 2018 9:27 am by කිත්සිරි ද සිල්වා

»  බැඳුම්කර වාර්තාව
Wed Jan 17, 2018 6:58 pm by කිත්සිරි ද සිල්වා

» "මිසයිල් අනතුරු ඇඟවීම වැරදි බොත්තමක් එබීමෙන්"
Tue Jan 16, 2018 1:19 pm by nihal123

» ඉන්දියාවේ ශ්‍රේෂ්ඨාධිකරණ විනිසුරුවෝ අගවිනිසුරුට එරෙහිව ප්‍රවෘත්ති සාකච්ඡාවක
Mon Jan 15, 2018 2:06 pm by Ethical Trader

» එක්කෝටි විසි ලක්ෂයකට අධික ළදරු කිරිපිටි ඇසුරුම් ආපසු කැඳවයි
Mon Jan 15, 2018 2:00 pm by Ethical Trader

» ට්‍රම්ප්ගේ "ජාතිවාදී" භාෂාව ගැන කෝපය පළ වේ
Sun Jan 14, 2018 5:32 pm by කිත්සිරි ද සිල්වා

» විශ්මිත නිර්මාණ එළිදැක්වූ ලෝකයේ විශාලතම තාක්ෂණික ප්‍රදර්ශනය
Sat Jan 13, 2018 12:12 pm by Ethical Trader

» CCTV මගින් රථවාහන දඩ: අත්හදා බැලීම පෙබරවාරියේ
Sat Jan 13, 2018 11:00 am by Ethical Trader

» Six-year term for President Sirisena: AG tells Supreme Court
Fri Jan 12, 2018 6:11 pm by Ethical Trader

» US revamps travel warning system; SL gets an okay
Fri Jan 12, 2018 6:09 pm by Ethical Trader

» Term of a Dictator
Fri Jan 12, 2018 6:02 pm by Ethical Trader

» නියම බුදු දහම
Fri Jan 12, 2018 2:44 pm by Ethical Trader

» මන්ත්‍රී විමල්ට අධිචෝදනා පත්‍ර භාර දුන්නේ ඇයි?
Thu Jan 11, 2018 5:31 pm by Ethical Trader

» SEYB.N0000 ( SEYLAN BANK PLC )
Thu Jan 11, 2018 5:25 pm by Ethical Trader

» 2008 -2014 බැඳුම්කර නිකුතු ගැන මහින්ද ප්‍රකාශයක් සිදු කළ යුතුයි - රනිල්
Thu Jan 11, 2018 12:00 pm by yellow knife

» ලෝකයේ රටවල් දෙකක මහා දේශගුණික වෙනස
Wed Jan 10, 2018 5:58 pm by Ethical Trader

» ඉතිහාසයේ පළමු වරට කොටස් වෙළෙඳපොළෙන් ත්‍රිත්ව ශතකයක්
Wed Jan 10, 2018 5:45 pm by Ethical Trader

» RICH N.0000 Richard Pieris and company PLC
Mon Jan 08, 2018 6:14 pm by Ethical Trader

» බැඳුම්කරය: මහින්දගෙන් ප්‍රශ්න කරන්න ජනමාධ්‍ය බයද? - රනිල්
Mon Jan 08, 2018 11:58 am by කිත්සිරි ද සිල්වා

» ලංකාවේ සුපිරිම දුම්රිය ස්ථානය
Sun Jan 07, 2018 5:33 pm by spw19721

» බැඳුම්කර කොල්ලයේ හෙළි වූ හොරු මෙන්න
Sun Jan 07, 2018 11:07 am by Ethical Trader

» අගමැති නිදොස් යයි කීම "ස්වයංවින්දනයක්ද?"
Sun Jan 07, 2018 10:51 am by Ethical Trader

» නව බදු : සෞදි බලධාරීන්ගෙන් තවත් පියවරක්
Sun Jan 07, 2018 10:48 am by Ethical Trader

» දුප්පත්කමින් එතෙරවීමට ඉනිමං බඳින චීනය
Sun Jan 07, 2018 10:45 am by Ethical Trader

» "නාන්න අවසර විනාඩි දෙකයි"
Sun Jan 07, 2018 10:39 am by Ethical Trader

» බැඳුම්කර කොමිසමේ නිර්දේශ ක්‍රියාත්මක කරන්න - අගමැතිගෙන් උපදෙස්
Sat Jan 06, 2018 7:24 pm by කිත්සිරි ද සිල්වා

» "Politically Black": බ්‍රිතාන්‍යයේ ජාතිවාදයට එරෙහිව සටන් වැදුණු ශ්‍රී ලාංකිකයා
Sat Jan 06, 2018 12:26 pm by Ethical Trader

» 'ෆයර් ඇන්ඩ් ෆියුරි' බොරුවෙන් පිරිලා - ට්‍රම්ප්
Sat Jan 06, 2018 12:22 pm by Ethical Trader

» සුනඛයෙකුට කළ ප්‍රතිකාරයකින් බිම් බෝම්වලට ගොදුරුවූවන්ට "නව බලාපොරොත්තුවක්"
Fri Jan 05, 2018 7:51 pm by කිත්සිරි ද සිල්වා

» රවිට නඩු, රනිල්ට තරවටු, සියලු පාඩු අයකර ගැනීමට පියවර- ජනපති කියයි..
Thu Jan 04, 2018 6:24 pm by Ethical Trader

» බැඳුම්කර කොමිසමේ නිර්දේශ: "අගමැතිතුමා නිර්දෝෂී බව කොමිසම සනාථ කළා"
Thu Jan 04, 2018 3:27 pm by CK

» "බරපතල වංචා, දූෂණ" කොමිෂන් වාර්තාවත් ජනපතිට භාර දෙයි
Thu Jan 04, 2018 10:06 am by Ethical Trader

» Banking Sector Outlook-
Thu Jan 04, 2018 10:01 am by Ethical Trader

» දූෂණ පරීක්ෂණවලට තිරිංග දැම්මේ කවුද?
Wed Jan 03, 2018 6:37 pm by CK

» 2018 Calander
Wed Jan 03, 2018 11:07 am by Ethical Trader

» CSE Holidays - 2018
Wed Jan 03, 2018 11:03 am by Ethical Trader

» CB action taken on ailing finance companies.
Wed Jan 03, 2018 10:43 am by Ethical Trader

» World’s Most Toxic Food
Wed Jan 03, 2018 10:28 am by කිත්සිරි ද සිල්වා

» Tempolten's 22 Principles for successful Investments.
Wed Jan 03, 2018 10:18 am by Ethical Trader

» සෞදි අරාබිය සහ එක්සත් අරාබි එමීරය පළමු වරට බදු හඳුන්වා දෙති
Tue Jan 02, 2018 7:14 pm by කිත්සිරි ද සිල්වා

» ඉරානය- මරණ විසි ගණනක්; සිය ගණනක් අත්අඩංගුවේ
Tue Jan 02, 2018 7:12 pm by කිත්සිරි ද සිල්වා

» ස්වර්ණමහල් සහ ඊටීඅයි ෆිනෑන්ස් සමාගම් මහ බැංකුවේ නියාමනයට
Tue Jan 02, 2018 7:10 pm by කිත්සිරි ද සිල්වා

» යාචක තහනම: "යාචකයන්ට දිනකට රු 1,500ක රැකියා"
Tue Jan 02, 2018 7:10 pm by Ethical Trader

» Ouch !
Mon Jan 01, 2018 6:33 am by spw19721

» Flying is the Safest mode of Transport
Sun Dec 31, 2017 8:50 am by කිත්සිරි ද සිල්වා

» What would it be?
Sat Dec 30, 2017 6:04 pm by කිත්සිරි ද සිල්වා

January 2018
SunMonTueWedThuFriSat
 123456
78910111213
14151617181920
21222324252627
28293031   

Calendar Calendar

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Revision of Share Transaction Fees Postponed

View previous topic View next topic Go down

Revision of Share Transaction Fees Postponed

Post by Ethical Trader on Wed Mar 15, 2017 3:45 pm

avatar
Ethical Trader
Top contributor
Top contributor

Posts : 3345
Join date : 2014-02-28

Back to top Go down

Re: Revision of Share Transaction Fees Postponed

Post by pjrngroup on Wed Mar 15, 2017 5:26 pm

Thanks ET.

pjrngroup

Posts : 226
Join date : 2015-11-01

Back to top Go down

Re: Revision of Share Transaction Fees Postponed

Post by WasteofTime on Thu Mar 16, 2017 12:43 pm

At the moment we pay total 1.12% for buy/sell. If we sell with 5% price increase, we pay them 46% from our profit and take 54% to us. I do not think even a company who make 5% net profit pay 46% cooperate tax after taking their salary and fun etc.
If we sell with 2.25% price increase, they take 100%, we take 0%
If we sell with 5% price increase, they take 46%, we take 54%
If we sell with 10% price increase, they take 24%, we take 76%
If we sell with 15% price increase, they take 16%, we take 84%
If we sell with 30% price increase, they take 9%, we take 91%
avatar
WasteofTime

Posts : 271
Join date : 2014-09-29

Back to top Go down

Re: Revision of Share Transaction Fees Postponed

Post by Ethical Trader on Thu Mar 16, 2017 2:58 pm

Thanks.
Given below is the circular on future effective Fees.

https://cdn.cse.lk/cmt/upload_cse_report_file/directives_340_06-02-2017.pdf

This is the place where we can make authorities hear our voices. Can you workout an example accordingly. Surely, if there is such disparity, the CSE/SEC will take note of it.

WasteofTime wrote:At the moment we pay total 1.12% for buy/sell. If we sell with 5% price increase, we pay them 46% from our profit and take 54% to us. I do not think even a company who make 5% net profit pay 46% cooperate tax after taking their salary and fun etc.
If we sell with 2.25% price increase, they take 100%, we take 0%
If we sell with 5% price increase, they take 46%, we take 54%
If we sell with 10% price increase, they take 24%, we take 76%
If we sell with 15% price increase, they take 16%, we take 84%
If we sell with 30% price increase, they take 9%, we take 91%
avatar
Ethical Trader
Top contributor
Top contributor

Posts : 3345
Join date : 2014-02-28

Back to top Go down

Re: Revision of Share Transaction Fees Postponed

Post by WasteofTime on Fri Mar 17, 2017 10:08 am

My calculation is based on this circular. To my knowledge 1.12% is not new, It has been there until Jan last year and again same year they back tracked in march. What they are going to do is increasing the cap. However it is totally unfair government to pluck tax from lower branches when there are so many businesses and financial activities with small investments happening without paying any tax. If a person can invest 3 million either in retail shop or Cse, he can make more profit, with lower risk, Perhaps w/o tax, from retail shop .
They must charge based on how much we make ,not every time we buy/sell or in our loss.

Ethical Trader wrote:Thanks.
Given below is the circular on future effective Fees.

https://cdn.cse.lk/cmt/upload_cse_report_file/directives_340_06-02-2017.pdf

This is the place where we can make authorities hear our voices. Can you workout an example accordingly. Surely, if there is such disparity, the CSE/SEC will take note of it.

WasteofTime wrote:At the moment we pay total 1.12% for buy/sell. If we sell with 5% price increase, we pay them 46% from our profit and take 54% to us. I do not think even a company who make 5% net profit pay 46% cooperate tax after taking their salary and fun etc.
If we sell with 2.25% price increase, they take 100%, we take 0%
If we sell with 5% price increase, they take 46%, we take 54%
If we sell with 10% price increase, they take 24%, we take 76%
If we sell with 15% price increase, they take 16%, we take 84%
If we sell with 30% price increase, they take 9%, we take 91%
avatar
WasteofTime

Posts : 271
Join date : 2014-09-29

Back to top Go down

Re: Revision of Share Transaction Fees Postponed

Post by Ethical Trader on Sun Mar 19, 2017 1:25 pm

Good analysis. This tantamounts to fleecing the small investors who already are at the bottom incurring heavy losses. I don't mind if they charge this on profits made, not on the total value. I hope more expresses their valuable views so that the authorities will hear our woos.
WasteofTime wrote:My calculation is based on this circular. To my knowledge 1.12% is not new, It has been there until Jan last year and again same year they back tracked in march.  What they are going to do is increasing the cap. However it is totally unfair government to pluck tax from lower branches when there are so many businesses and financial activities with small investments happening without paying any tax. If a person can invest 3 million either in retail shop or Cse, he can make more profit, with lower risk, Perhaps w/o tax, from retail shop  .
They must charge based on how much we make ,not every time we buy/sell or in our loss.

Ethical Trader wrote:Thanks.
Given below is the circular on future effective Fees.

https://cdn.cse.lk/cmt/upload_cse_report_file/directives_340_06-02-2017.pdf

This is the place where we can make authorities hear our voices. Can you workout an example accordingly. Surely, if there is such disparity, the CSE/SEC will take note of it.

WasteofTime wrote:At the moment we pay total 1.12% for buy/sell. If we sell with 5% price increase, we pay them 46% from our profit and take 54% to us. I do not think even a company who make 5% net profit pay 46% cooperate tax after taking their salary and fun etc.
If we sell with 2.25% price increase, they take 100%, we take 0%
If we sell with 5% price increase, they take 46%, we take 54%
If we sell with 10% price increase, they take 24%, we take 76%
If we sell with 15% price increase, they take 16%, we take 84%
If we sell with 30% price increase, they take 9%, we take 91%
avatar
Ethical Trader
Top contributor
Top contributor

Posts : 3345
Join date : 2014-02-28

Back to top Go down

View previous topic View next topic Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum