Likely delay in share capital gains tax

The Finance Ministry is looking into delaying the introduction of a capital gains tax on stock gains due to technical difficulties, according to sources. The introduction of the levy, scheduled to take effect on January 2, 2011, may be pushed back to March as the ministry takes steps to iron out problems arising from the imposition and collection of the tax. Up to then, stocks sell trades will continue to be subject to the existing 0.15 percent tax.

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