KARACHI: The collection of capital gain tax (CGT) on disposal of securities for the month of December 2021 will be made on February 10, 2022, a statement said on Tuesday.
The National Clearing Company of Pakistan Limited (NCCPL) in a communication sent to Pakistan Stock Exchange (PSX) and the Pakistan Mercantile Exchange Limited (PMEX), said that the aggregate amount of CGT arising on disposal of shares at Pakistan Stock Exchange for the period December 01, 2021 to December 31, 2021, would be collected on Thursday February 10, 2022 through respective settling banks of the clearing members.
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All clearing members have been advised to ensure requisite amount in their respective settling bank’s account.
Further, the aggregate amount of CGT arising on trading of future commodity contracts at Pakistan Mercantile Exchange for the period December 01, 2021 to December 31, 2021, would also be collected from the Pakistan Mercantile Exchange on Thursday February 10, 2022.
Clearing Members and Pakistan Mercantile Exchange have been asked to verify the investor wise details of capital gain or loss and tax thereon, if any, through reports/downloads.
“In case of none or partial collection of CGT, necessary action would be taken in accordance with the Rules and NCCPL Regulations,” it added.
READ MORE: CGT rates on disposal of securities during Tax Year 2022
