Karachi, April 22, 2025 – The National Clearing Company of Pakistan Limited (NCCPL) has issued the official schedule for the Capital Gain Tax (CGT) collection pertaining to the month of March 2025.
In a formal notification shared with the Pakistan Stock Exchange (PSX), the NCCPL informed all concerned stakeholders, including clearing members and asset management companies, about the upcoming tax deduction procedures.
According to the NCCPL, the total amount of CGT accrued from the disposal of shares traded on the PSX during the period from March 1, 2025, to March 31, 2025, will be collected on Wednesday, April 30, 2025, through the designated settling banks of the respective clearing members. The company emphasized the importance of ensuring that clearing members maintain adequate funds in their settling bank accounts on the specified date.
The CGT details and investor-specific reports for March have already been uploaded to the CGT System, allowing members to verify and prepare for compliance in advance. The NCCPL further highlighted that these reports include all relevant tax information regarding both gains and losses incurred during the March trading period.
In addition to equity transactions, the CGT on redemptions of open-end mutual funds for the same March period has also been calculated and posted in the system. Clearing members are required to verify investor-wise tax liabilities and take the necessary steps to meet their obligations.
The NCCPL has also reiterated the importance of accurate reporting and timely tax submission. In cases where CGT is not fully collected, members must report the names and unique identification numbers (UINs) of defaulting clients immediately after the CGT collection date. Failure to comply with this requirement may lead to disciplinary action under the NCCPL’s rules and regulatory framework.
By ensuring a transparent and systematic collection of CGT, the NCCPL continues to play a crucial role in streamlining tax compliance and supporting Pakistan’s capital market infrastructure.