Karachi, May 23, 2025 – The National Clearing Company of Pakistan Limited (NCCPL) has officially announced that the capital gain tax (CGT) payment for the month of April 2025 will be due on Monday, June 2, 2025.
This tax payment pertains to gains made on the disposal of shares at the Pakistan Stock Exchange (PSX) during the period from April 1 to April 30, 2025.
According to the notification, the CGT payment will be collected through the respective settling banks of all Clearing Members (CMs). CMs have been urged to ensure that the necessary funds are available in their designated settlement bank accounts by the due date. The NCCPL emphasized that all relevant details and reports for this period are already accessible in the CGT System for timely reconciliation and processing.
In addition to share disposals at PSX, the CGT liability arising from the redemption of units of open-end mutual funds during April 2025 has also been finalized. Detailed reports related to these transactions have similarly been uploaded to the CGT System for review.
All Clearing Members are instructed to carefully verify investor-wise calculations of capital gains or losses, and the associated CGT payment obligations, by reviewing the relevant downloads and reports from the CGT System. Accurate verification is essential to ensure that no discrepancies occur at the time of payment.
Importantly, the NCCPL has stated that in cases where the CGT payment is either partially made or entirely missed, it is mandatory for the Clearing Members to provide the names and UINs (Unique Identification Numbers) of the defaulting clients immediately after the collection date. This measure is to ensure accountability and proper follow-up.
Non-compliance with the CGT payment procedure may lead to strict action under the rules and regulations applicable to NCCPL. All stakeholders are therefore strongly advised to fulfill their obligations without delay to avoid any regulatory complications.