NCCPL to collect March CGT on April 30

April 23, 2026 (MLN): The National Clearing Company of Pakistan Limited (PSX: NCCPL) has notified brokers and asset managers that capital gains tax on equity and mutual fund transactions for March 2026 will be collected at the end of this month.

NCCPL, the country's central counterparty for securities settlement, will debit clearing members through their respective settling banks on April 30, covering CGT arising from share disposals at the PSX during March 1–31, 2026.

A parallel collection covers redemptions of open-end mutual fund units over the same period.

Compliance Window Open

The regulator said transaction-level data and investor-wise breakdowns of gains, losses, and applicable tax have already been loaded into the CGT System, giving brokers and fund houses time to reconcile positions ahead of the collection date.

Clearing members are required to verify the details before the deadline.

NCCPL issued a pointed warning to participants: firms that fail to collect the full CGT amount from clients must immediately report the names and Unique Identification Numbers of defaulting customers. Partial collection carries the same disclosure obligation.

Failure to comply, the notice stated, could trigger enforcement action under NCCPL's applicable rules and regulations.

CGT on listed securities in Pakistan is withheld and remitted centrally through NCCPL, a mechanism introduced to improve tax compliance in capital markets and reduce leakage at the investor level.

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