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» HOPL.N0000 ( Horana Plantations PLC)
Today at 12:13 pm by yellow knife

» කටාරයේ ශ්‍රී ලංකා පාසල ගැන 'ස්වාධීන පරීක්ෂණයක්'
Today at 11:23 am by Ethical Trader

» වසර 15ක් තුළ ලංකාව සිංගප්පූරුවට වඩා දියුණු කරනවා - චීන තානාපති
Today at 11:05 am by Ethical Trader

» නව නාවික හමුදාපති "ඇමෙරිකානු ඒජන්තයෙක්" ද?
Yesterday at 10:52 pm by Ethical Trader

» විජේදාස ඇමති පදවියෙන් නෙරපයි
Yesterday at 8:03 pm by nihal123

» Dividend Announcement
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» 10% ක බෝනස් ඩේටා දෙන්න දුරකතන සමාගම් එකඟවෙයි
Yesterday at 1:51 pm by nihal123

» පාකිස්තාන සංචාරය: "මම නම් යන්නේ නෑ"
Yesterday at 12:05 pm by Ethical Trader

» "මිනී මස් කාල එපා වෙලා"
Tue Aug 22, 2017 5:55 pm by Ethical Trader

» ලොව වැඩි වශයෙන්ම ප්‍රතිනිර්මාණය වූ කලා කෘතිය
Tue Aug 22, 2017 3:15 pm by Ethical Trader

» විජයදාස ඉවත් කරන්න: එජාපය ජනපතිට කියයි
Tue Aug 22, 2017 3:09 pm by Ethical Trader

» ජනාධිපතිවරණය දිනා ශ්‍රී ලංකාවේ ණය එක දවසකින් ගෙවන සුපිරි කෝටීපතියා .!
Tue Aug 22, 2017 2:31 pm by Backstage

» ආදායම ලක්ෂ 12 ට අඩුනම් ආදායම් බදු නැහැ – මුදල් ඇමති කියයි
Tue Aug 22, 2017 12:30 pm by nihal123

» වැසිකිළියක් සදා නොදුන් සැමියාගෙන් දික්කසාද වීමට අධිකරණය අවසර දෙයි
Mon Aug 21, 2017 5:31 pm by Ethical Trader

» 2017 ජන්ද හිමි නාමලේඛනයේ කෙටුම්පත පිටවෙයි
Mon Aug 21, 2017 2:20 pm by nihal123

» වාහන බදු අඩු කළායින් පසු සමාගම් කොටස් මිල ඉහළ ගිය හැටි
Mon Aug 21, 2017 11:50 am by Ethical Trader

» ඉන්දියාවේ විශාලතම ඔන්ලයින් ටැක්සි මෙහෙයුම්කරු ලංකාවට මාන බලයි
Mon Aug 21, 2017 11:07 am by nihal123

» CB Chief cracks whip!
Mon Aug 21, 2017 11:04 am by Ethical Trader

» ක්‍රිකට්: ශ්‍රී ලංකා කණ්ඩායමට එරෙහිව ක්‍රීඩාලෝලීන්ගේ විරෝධතාවක්
Mon Aug 21, 2017 10:55 am by Ethical Trader

» "විගණන පනත යට ගහන බවට ඇමතිවරුන්ට චෝදනා"
Mon Aug 21, 2017 10:52 am by Ethical Trader

» Male-Penned Songs On Women By Madani
Sun Aug 20, 2017 3:56 pm by CK

» GDP growth seen at 6% in 2018, Finance Ministry says
Sun Aug 20, 2017 10:36 am by Ethical Trader

» හැඟීමක් නැති පාලකයෝ භාරගත්තම රට කාබාසිනියා වෙනවා - ඇමති විජයදාස
Sun Aug 20, 2017 10:30 am by Ethical Trader

» Sri Lanka introduces concessions to boost faltering growth
Sat Aug 19, 2017 7:05 pm by Backstage

» New taxes hamper life insurance industry
Sat Aug 19, 2017 7:03 pm by Backstage

» Carrom Game between Chamil Cooray & Sandeep Deorukhkar in ICF Cup 2015
Sat Aug 19, 2017 5:18 pm by sashimaal

» LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)
Sat Aug 19, 2017 11:28 am by Ethical Trader

» EPF/ETF සහ විදේශ ශ්‍රමිකයෝ: නව බදු පනත ගැන මේ කරුණු දන්නවාද?
Fri Aug 18, 2017 6:03 pm by Rana

» ගෙවල්..වාහන..විදුලිය..සියල්ලටම දැන් ණය වර්ග අටක්..
Fri Aug 18, 2017 4:12 am by nihal123

» විදුලි සංදේශ බද්ද ඉවතට - යතුරුපැදි බදු අඩුවෙයි
Thu Aug 17, 2017 8:09 pm by nihal123

» දෙවන කාර්තුවේ ඉහළ වර්ධනය සමඟින් කොමර්ෂල් බැංකුව තවත් ශක්තිමත් වෙයි
Wed Aug 16, 2017 10:15 pm by nihal123

» අද වෙන්දේසියේ දී බිල්පත් පොළී නගී
Wed Aug 16, 2017 10:11 pm by nihal123

» ලක්‍ෂ්මන් සිල්වා DFCC බැංකුවේ ප‍්‍රධාන විධායක නිලධාරි තනතුරට
Wed Aug 16, 2017 12:29 pm by nihal123

» පෑන් ඒෂියා බැංකුවේ ප්‍රාථමික අලෙවි කටයුතු මාස 06 කට අත්හිටුවයි
Tue Aug 15, 2017 1:16 pm by nihal123

» LIOC.N0000 (Lanka IOC PLC)
Mon Aug 14, 2017 2:37 pm by The Invisible

» Plantation sector updates
Sun Aug 13, 2017 4:51 pm by The Invisible

» අධිකරණ ඇමතිට ආණ්ඩු පක්ෂයෙන්ම විශ්වාස භංගයක්?
Sun Aug 13, 2017 7:52 am by smallville

» සොහොන් කොතේ නම 'අකැප' ඇෆ්ගන් කතුන්
Sat Aug 12, 2017 2:59 pm by Ethical Trader

» කොරියානු අර්බුදය හමුවේ ශ්‍රී ලංකාවේ සූදානම
Sat Aug 12, 2017 2:42 pm by Ethical Trader

» TJL.N0000 (Textured Jersey Lanka PLC.)
Sat Aug 12, 2017 2:10 pm by Ethical Trader

» කොරියාවේ උණුසුමට සංගීතයේ සිසිලස
Sat Aug 12, 2017 9:10 am by Ethical Trader

» මැක්‍රෝන් සිය බිරිඳට 'ජනාධිපති ආර්යා' නිල තත්වය නොදෙන ළකුණු
Fri Aug 11, 2017 10:39 pm by jiggysaurus

» Video of the day...
Fri Aug 11, 2017 4:24 pm by Rana

» Cartoon of the day...
Fri Aug 11, 2017 1:58 pm by Rana

» LWL.N0000 (Lanka Walltiles PLC)
Fri Aug 11, 2017 11:25 am by pjrngroup

» RICH N.0000 Richard Pieris and company PLC
Fri Aug 11, 2017 11:08 am by Ethical Trader

» විසිපන්දහසේ දඩය අනුමතයි - දඩ මුදල වැඩි කෙරුණු රථවාහන වැරදි මෙන්න
Thu Aug 10, 2017 9:29 pm by jiggysaurus

» ජනපති අගමැති ඇතුළු "සම්මුති ආණ්ඩුව වෙනුවෙන්" රවී ඇමති පුටුව අතහරි...
Thu Aug 10, 2017 7:13 pm by smallville

» KFP.N0000(Keels Food Products PLC)
Thu Aug 10, 2017 7:11 pm by pjrngroup

» රවී කරුණානායක ඉල්ලා අස්වෙයි
Thu Aug 10, 2017 7:11 pm by smallville

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Revision of Share Transaction Fees Postponed

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Revision of Share Transaction Fees Postponed

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

https://cdn.cse.lk/cmt/upload_cse_announcements/5561489485565_.pdf
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Re: Revision of Share Transaction Fees Postponed

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

Thanks ET.

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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%
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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%
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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%
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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%
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