April 22, 2025 (MLN): The National Clearing Company of Pakistan Limited (NCCPL) has revealed that the aggregate amount of Capital Gains Tax (CGT) arising from the disposal of shares at the Pakistan Stock Exchange (PSX) for the period March 1, 2025, to March 31, 2025, will be collected on Wednesday, April 30, 2025.
The collection will be made through the respective settling banks of the Clearing Members (CMs), as per the notice issued by NCCPL.
All Clearing Members are requested to ensure that the requisite amount is available in their settling bank’s account.
The necessary details and reports for the mentioned period have already been made available in the Capital Gain Tax (CGT) System.
Additionally, the aggregate amount of CGT arising from the redemption of units of open-end mutual funds has also been finalized for the same period, March 1, 2025, to March 31, 2025.
Relevant details and reports have been made available in the CGT System as well, the notice added.
CMs are required to verify the investor-wise details of capital gain or loss and any tax implications, through reports and downloads available in the CGT System.
In the case of no or partial collection of CGT, Clearing Members are advised to immediately provide the names and UINs of the defaulted customers to NCCPL following the CGT collection date, the notice reads.
Failure to comply with these requirements may lead to necessary actions in accordance with NCCPL’s applicable rules and regulations, it further noted.
