KARACHI: National Clearing Company of Pakistan Limited (NCCPL) on Tuesday announced that it will collect Capita Gain Tax (CGT) for the month of December 2022 on January 24, 2023.
In a statement the NCCPL stated that the aggregate amount of CGT arising on disposal of shares at Pakistan Stock Exchange for the period December 1, 2022 to December 31, 2022, would be collected on Tuesday January 24, 2023 through respective settling banks of the Clearing Members.
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All Clearing Members are directed 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.
Further, the aggregate amount of CGT arising on trading of future commodity contracts at Pakistan Mercantile Exchange for the period December 1, 2022 to December 31, 2022 would also be collected from the Pakistan Mercantile Exchange on Tuesday January 24, 2023. Necessary details and reports for the said period have already been made available.
Moreover, the aggregate amount of CGT arising on redemption of units of open end mutual funds have also been finalized for the period July 1, 2022 to July 31, 2022. Necessary details and reports have already been made available in the CGT System.
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.
