CSE’s plans on SME board face a snag
View(s):The Colombo Stock Exchange’s (CSE) plans to set up a separate trading board for Small and Medium Enterprises (SME) have come up with a snag involving taxation by the recent budget. Officials said that the recent budget proposal to raise the annual registration fee of public quoted companies is a dampener on SME vying to list on the CSE. “If not listed, the Registrar of Company’s annual fee is Rs. 60,000. The Rs. 500,000 is a deterrent for SME to go public,” a SME owner told the Business Times. The CSE has made some representations to the Treasury requesting for a waiver, but they’re yet to get a response.