NCCPL to collect CGT on October 30

October 22, 2025 (MLN): The National Clearing Company of Pakistan Limited (NCCPL) will collect Capital Gains Tax (CGT) from clearing members and asset management companies for transactions conducted during September 2025.

In a circular issued by the NCCPL, the aggregate amount of CGT arising from the disposal of shares at the Pakistan Stock Exchange between September 1 and September 30, 2025, will be collected on Thursday, October 30, 2025, through the respective settling banks of clearing members.

The NCCPL has directed all clearing members to ensure sufficient funds are available in their settling bank accounts on the collection date.

Detailed reports for the September period have already been made available through the CGT System.

In addition to stock market transactions, the CGT collection also covers the redemption of units from open-end mutual funds during the same period.

Asset management companies have been provided with the necessary details and reports through the same system.

Clearing members are required to verify investor-wise details of capital gains or losses and the corresponding tax amounts through the reports and downloads available in the CGT System.

The NCCPL has issued a strict warning regarding compliance.

In cases of non-collection or partial collection of CGT, clearing members must immediately provide the names and Unique Identification Numbers (UINs) of defaulting customers to NCCPL after the collection date.

Failure to comply may result in action as per NCCPL's applicable rules and regulations.

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