Tax on Stock Trade to Decline 40% in 2022-23 Fiscal Budget

The government’s projected income from tax on stock trade has declined by a massive 40% in the 2022-23 draft budget.
It expects to earn 104.2 trillion rials ($360 million) from tax on stock trade next year that begins in March. This amount was 171.2 trillion rials ($590m) in the budget for this year.  
Known as financial transaction tax (FTT), tax on stock is levied on buying and selling shares, bonds or other financial contracts like options and derivatives.