Sri Lanka's Colombo Stock Exchange Thursday in a stock market disclosure announced that the Share Transaction Levy will be removed on share transactions takin place on or after 01 January 2016.
The proposal to remove the 0.3 percent transaction levy has been announced in the government's 2016 budget proposals to encourage share market trading.
Under the revised transaction fees that will be applicable in respect of transactions on equity with effect from 01 January, the total transaction fees on equities up to 50 million rupees would be 0.82 percent while the fees for trades over 50 million rupees would be 0.31 percent.
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