23% tax free return over five years given by SPSE
February 21, 2019 12:34 pm
SPSE Business Development Manager, Pretesh Prasad
Investors on the South Pacific Stock Exchange have been receiving a total market return of 23 percent tax-free over an average of five years.
Business Development Manager, Pretesh Prasad adds with the incentives available through the market, the Exchange is becoming an attractive investment option for Fijians.
“What we would like to share with the savers out there or the Fijian who are intending to invest and shopping around where to park their money in, they can, in fact, consider the SPSE. This is because if you look at the five-year average total market return that SPSE has been giving stands at 23 percent and that is of course tax-free. Therefore, those who are considering where to park their money at, the SPSE is a place they can consider.”
Prasad says the SPSE gives two forms of returns that are capital gains and dividend yield which are tax-free, following Government announcement in the 2017/2018 National Budget.
112 new investors entered the Exchange from mid-January to February, investing in the 19 listed companies on the SPSE.