Stock Market wants incentives in budget allocation
June 19, 2017 4:18 am
The South Pacific Stock Exchange is hoping the 2017/2018 National Budget will include incentives for investors and companies.
Manager Operations, Pretesh Prasad says there are a few incentives in place such as tax-free dividends, no income tax on gains and the reduced corporate tax rate of 10 percent.
“The Stock Market plays a critical role in the economy. If you look at people who want to make returns or help their money grow, Stock Market is one of the avenue they can invest their savings.”
Prasad says these incentives will entices potential investors which in turn is a boost to our economy.
The 2017/2018 National Budget announcement will be made on the 29th of this month.