The Income Tax Rules, 2002, under Rule 13N, prescribe a detailed and structured procedure for the computation and collection of capital gains tax (CGT). This rule delineates the roles, responsibilities, and mechanisms involved, primarily focusing on the National Clearing Company of Pakistan Limited (NCCPL) and other related entities.
Karachi, September 30, 2024 – The National Clearing Company of Pakistan Limited (NCCPL) has announced that the collection of Capital Gain Tax (CGT) for the month of August 2024 will take place on October 8, 2024.
Karachi, September 12, 2024 – The National Clearing Company of Pakistan Limited (NCCPL) announced on Thursday that it will collect Capital Gain Tax (CGT) from clearing members of the stock market on Monday, September 23, 2024.
Karachi, July 21, 2024 – The National Clearing Company of Pakistan Limited (NCCPL) has announced updated capital gains tax (CGT) rates as mandated by the Finance Act, 2024. The NCCPL, which collects taxes on behalf of the Federal Board of Revenue (FBR), has outlined the new rates applicable from July 1, 2024, for income generated […]
In a significant fiscal policy shift, the Finance Bill 2024 has proposed an increase in the capital gains tax (CGT) on the disposal of securities. Effective for securities acquired on or after July 1, 2024, the tax rate for gains realized by individuals appearing on the Active Taxpayers’ List (ATL) at both the time of […]
The recently introduced Finance Bill 2024 brings significant alterations to Pakistan’s capital gains tax regime, applicable from July 1, 2024. Let’s delve into the key updates for both individuals and businesses.
Karachi, April 23, 2024 – The National Clearing Company of Pakistan Limited (NCCPL) has confirmed that it will be collecting Capital Gains Tax (CGT) for transactions conducted in March 2024 on the upcoming date of April 30, 2024.
Karachi, March 25, 2024 – The National Clearing Company of Pakistan Limited (NCCPL) has announced that it will be collecting capital gain tax (CGT) on Friday, March 29, 2024.
Karachi, February 22, 2024 – The National Clearing Company of Pakistan Limited (NCCPL) has officially announced the collection of capital gain tax (CGT) on the disposal of shares for the month of January 2024.
Karachi, January 23, 2024 – The National Clearing Company of Pakistan Limited (NCCPL) has issued a significant announcement regarding the collection of Capital Gain Tax (CGT) for the month of December 2023.