CGT on disposal of securities to be collected on Dec 07

CGT on disposal of securities to be collected on Dec 07

National Clearing Company of Pakistan Limited (NCCPL) on Tuesday said that the aggregate amount of Capital Gains Tax (CGT) for the month of October 2022 will be collected on December 07, 2022.

The NCCPL said that the CGT on arising on disposal of shares at Pakistan Stock Exchange (PSX) for the period October 01, 2022 to October 31, 2022, would be collected on Wednesday December 07, 2022 through respective settling banks of the clearing members.

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All Clearing Members are hereby requested to ensure requisite amount in their respective settling bank’s account. Necessary details and reports for the said period have already been made available in the CGT System.

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Further, the aggregate amount of CGT arising on trading of future commodity contracts at Pakistan Mercantile Exchange for the period October 01, 2022 to October 31, 2022 would also be collected from the Pakistan Mercantile Exchange on Wednesday December 07, 2022. Necessary details and reports for the said period have already been made available.

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Clearing Members and Pakistan Mercantile Exchange are hereby requested to verify the investor wise details of capital gain or loss and tax thereon, if any, through reports/downloads. Please note that, in case of none or partial collection of CGT, necessary action would be taken in accordance with the Rules and NCCPL Regulations.

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