Pakistan Revenue
KARACHI, April 23, 2026 – National Clearing Company of Pakistan Limited (NCCPL) has announced April 30, 2026 as the deadline for stock brokers and asset management companies to deposit capital gains tax (CGT) for transactions carried out during March.
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The Islamabad High Court (IHC) has ruled that gains arising from the disposal of immovable property are taxable only under Section 37(1A) of the Income Tax Ordinance, 2001, regardless of whether the taxpayer is engaged in real estate business activities.
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Karachi, September 2, 2025 – The National Clearing Company of Pakistan Limited (NCCPL) has announced the deadline for the collection of Capital Gain Tax (CGT) from clearing members (CMs) and asset management companies for the month of July 2025.
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Karachi, February 24, 2025 – The deadline for the payment of capital gains tax (CGT) on the disposal of shares at the Pakistan Stock Exchange (PSX) has been officially notified, urging all stakeholders to ensure compliance with the set timeline.
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Karachi, December 25, 2024 – The Federal Board of Revenue (FBR) has recorded an impressive 135% increase in the collection of capital gains tax (CGT) during the first five months of the fiscal year 2024-25 (5MFY25).
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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.
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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.
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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.
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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 […]
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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 […]
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