NCCPL directs clearing members to maintain sufficient funds for collection of April 2026 capital gains tax
National Clearing Company of Pakistan Limited (NCCPL) on Monday announced June 4, 2026 as the deadline for payment of capital gains tax (CGT) for the month of April 2026.
In a communication issued to Clearing Members (CMs) and Asset Management Companies (AMCs), the NCCPL said the aggregate amount of CGT arising from the disposal of shares at the Pakistan Stock Exchange (PSX) for the period from April 1 to April 30, 2026, would be collected on Thursday, June 4, 2026 through the respective settling banks of clearing members.
The clearing company advised all CMs to ensure the availability of the required funds in their settling bank accounts before the collection date.
According to the notice, all necessary reports and transaction details for the relevant period have already been made available through the CGT System.
The NCCPL further stated that the aggregate amount of CGT arising from the redemption of units of open-end mutual funds for the same period had also been finalized, with related reports uploaded to the system.
Clearing members were instructed to verify investor-wise details of capital gains or losses and the applicable tax liabilities through reports and downloads available in the CGT System.
The NCCPL also warned that in cases of non-collection or partial collection of CGT, clearing members must immediately provide the names and Unique Identification Numbers (UINs) of defaulting customers after the CGT collection date.
It added that failure to comply with the instructions could result in action under the company’s applicable rules and regulations.
The NCCPL plays a central role in Pakistan’s capital markets by facilitating clearing, settlement, and risk management functions for stock market transactions and other financial instruments.
