NCCPL calls for May CGT payment by July 3

June 24, 2026 (MLN): The National Clearing Company of Pakistan Limited (NCCPL) will collect capital gains tax (CGT) arising from the disposal of shares traded on the Pakistan Stock Exchange (PSX) for May 2026 on July 3, asking clearing members to maintain sufficient funds in their settlement accounts.

In a circular issued on Tuesday, NCCPL said the aggregate amount of CGT for the period from May 1 to May 31, 2026, has been computed and the relevant reports have been made available through its CGT System.

The clearing house also finalized the CGT liability on trading of future commodity contracts at the Pakistan Mercantile Exchange (PMEX) for the period from July 1, 2025 to November 30, 2025, based on transactional data received from the exchange.

For the remaining period of the current tax year, CGT calculations will be completed once the required data is received from PMEX, NCCPL said.

Additionally, CGT on the redemption of units of open-end mutual funds for May 2026 has also been finalized, with detailed reports made available to asset management companies.

NCCPL directed clearing members to verify investor-wise capital gains, losses and tax liabilities through the CGT System and immediately report any defaulting clients following the collection date, warning that non-compliance could trigger regulatory action.

Separately, the clearing company said CGT refunds that had been withheld and adjusted against Super Tax obligations up to May 31, 2026, will now be released, while the corresponding Super Tax liabilities will be reinstated as of the same date.

Copyright Mettis Link News