CGT on listed PSX share disposals for January to be collected on March 3

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By MG News | February 24, 2025 at 05:09 PM GMT+05:00

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February 24, 2025 (MLN): The aggregate amount of Capital Gains Tax (CGT) arising from the disposal of listed shares at the Pakistan Stock Exchange (PSX) for the period from January 1 to January 31 will be collected on March 3 through the respective settling banks of the Clearing Members (CMs).

All CMs are hereby requested to ensure the requisite amount in their settling bank’s account, according to a notice issued by NCCPL.

Necessary details and reports for the said period have already been made available in the CGT System.

Moreover, the aggregate amount of CGT arising on redemption of units of open-end mutual funds has also been finalized for the period.

Necessary details and reports have already been made available in the CGT System, the notice reads.

CMs are hereby required to verify the investor-wise details of capital gain or loss and tax thereon.

In case of no or partial collection of CGT, CMs are advised to provide the name of the defaulted UIN(s) to the National Clearing Company of Pakistan Limited (NCCPL) immediately after the CGT collection date.

"Failure to do so may result in necessary action as per NCCPL’s applicable rules and regulations", the notice added.

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