NCCPL to Collect August Capital Gains Tax on September 30

September 23, 2025 (MLN): The National Clearing Company of Pakistan Limited (NCCPL) has notified that it will collect the Capital Gains Tax (CGT) from Clearing Members (CMs) and Asset Management Companies (AMCs) for transactions carried out in August 2025.

The aggregate CGT on the disposal of shares at the Pakistan Stock Exchange (PSX) during the period August 1 to August 31, 2025, will be collected on Tuesday, September 30, 2025, through the respective settling banks of the CMs.

NCCPL has instructed all members to ensure sufficient funds in their settling bank accounts for the process.

The company added that the CGT amount arising from the redemption of units of open-end mutual funds for the same period has also been finalized.

Detailed reports for both share transactions and mutual fund redemptions have already been made available in the CGT system.

Clearing Members have been asked to verify investor-wise details of capital gains, losses and corresponding taxes via reports and downloads available on the system.

In cases where tax collection is partial or not made, members must immediately provide NCCPL with the names and UINs of defaulting customers after the collection date.

Failure to comply may result in disciplinary action under NCCPL’s rules and regulations.

For queries, NCCPL has advised stakeholders to contact its Customer Support Department at UAN 021-111-111-622 or via WhatsApp at the same number.

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