The government received Tk 13.23 crore in tax from stock trading in June this year, the highest in last nine months.

Transaction in the market was on the rise last month with a recovering tone from the prolonged downtrend in share prices since the market debacle two and a half years ago.

The daily average turnover in June was Tk 661 crore, which was low in the previous months, according to data from the Dhaka Stock Exchange.

Tax collection is related to trading volume and value. More trading of stocks generates more tax for the government, DSE officials said. Such a high amount of tax, Tk 18.76 crore, was recorded in September last year.

The DSE, on behalf of the government, collects the tax as brokerage commission at 0.05 percent and deposits the amount to the state coffer.

An official of the premier bourse said it is natural that tax collection will increase if turnover rises on the trading floor, as the tax is collected from turnovervalue.

"Tax collection from brokerage commission marked a significant rise in June, as turnover also went up compared to the previous months," the DSE official said.

The government earned lower tax from sales of sponsor and placement shares in June than the last month.

It bagged only Tk 3.19 crore in tax from share sales by sponsor shareholders last month, down from Tk 3.54 crore a month ago.

From January to June this year, the government earned Tk 36.88 crore in tax through brokerage commission and Tk 9.7 crore in tax from share sales by sponsor shareholders and placement holders.