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Ethical Trader
Ethical Trader
Top contributor
Top contributor
Posts : 5567
Join date : 2014-02-28

Revision of Share Transaction Fees Postponed Empty Revision of Share Transaction Fees Postponed

on Wed Mar 15, 2017 3:45 pm
avatar
pjrngroup
Posts : 430
Join date : 2015-11-01

Revision of Share Transaction Fees Postponed Empty Re: Revision of Share Transaction Fees Postponed

on Wed Mar 15, 2017 5:26 pm
Message reputation : 100% (1 vote)
Thanks ET.
WasteofTime
WasteofTime
Posts : 271
Join date : 2014-09-29

Revision of Share Transaction Fees Postponed Empty Re: Revision of Share Transaction Fees Postponed

on Thu Mar 16, 2017 12:43 pm
Message reputation : 100% (1 vote)
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%
Ethical Trader
Ethical Trader
Top contributor
Top contributor
Posts : 5567
Join date : 2014-02-28

Revision of Share Transaction Fees Postponed Empty Re: Revision of Share Transaction Fees Postponed

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%
WasteofTime
WasteofTime
Posts : 271
Join date : 2014-09-29

Revision of Share Transaction Fees Postponed Empty Re: Revision of Share Transaction Fees Postponed

on Fri Mar 17, 2017 10:08 am
Message reputation : 100% (1 vote)
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%
Ethical Trader
Ethical Trader
Top contributor
Top contributor
Posts : 5567
Join date : 2014-02-28

Revision of Share Transaction Fees Postponed Empty Re: Revision of Share Transaction Fees Postponed

on Sun Mar 19, 2017 1:25 pm
Message reputation : 100% (1 vote)
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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