Nov 29

CGT on disposal of securities to be collected on Dec 07

National Clearing Company of Pakistan Limited (NCCPL) on Tuesday said that the aggregate amount of Capital Gains Tax (CGT) for the month of October 2022 will be collected on December 07, 2022. The NCCPL said that the CGT on arising on disposal of shares at Pakistan Stock Exchange (PSX) for the period October 01, 2022 […]

by Hamza Shah

FBR notifies graduated tax rates on disposal of securities

Jul 23

Budget 2022-2023, Taxation

FBR notifies graduated tax rates on disposal of securities

ISLAMABAD: The Federal Board of Revenue (FBR) has notified rate of capital gain tax as introduced through Finance Act, 2022 and effective from July 01, 2022. The FBR issued Income Tax Circular No. 15 of 2022-2023 to explain important amendment made through the Finance Act, 2022 to the Income Tax Ordinance, 2001. The FBR said […]

by Anjum Shah

FBR applies separates CGT rates on immovable properties

Jul 23

Budget 2022-2023, Taxation

FBR applies separates CGT rates on immovable properties

ISLAMABAD: The Federal Board of Revenue (FBR) has implemented capital gain tax on disposal of immovable properties as amended through Finance Act, 2022. The FBR issued Income Tax Circular No. 15 of 2022-2023 to explain the important amendments introduced through the Finance Act, 2022 to the Income Tax Ordinance, 2001. READ MORE: FBR explains tax […]

by Anjum Shah

Finance Act 2022 notifies tax rates on disposal of securities

Jul 11

Budget 2022-2023, Taxation

Finance Act 2022 notifies tax rates on disposal of securities

KARACHI: Through the Finance Act, 2022 the tax rates on disposal of securities have been notified for tax year 2023 and onwards. According to interpretation of PwC A. F. Ferguson & Co. gain on disposal of listed securities (that was previously chargeable to tax at 12.5 per cent irrespective of the holding period) shall now […]

by Hamza Shah

Stock members asked to pay capital gain tax by June 30

Jun 23

Stock & Commodity, Taxation

Stock members asked to pay capital gain tax by June 30

KARACHI: Clearing members of Pakistan Stock Exchange (PSX) have been asked to pay Capital Gain Tax (CGT) on disposal of securities by June 30, 2022. National Clearing Company of Pakistan Limited (NCCP) in a notification on Thursday stated that the aggregate amount of CGT arising on disposal of shares at Pakistan Stock Exchange for the […]

by Hamza Shah

New rates of capital gain tax on disposal of securities

Jun 12

Budget 2022-2023, Stock & Commodity, Taxation

New rates of capital gain tax on disposal of securities

ISLAMABAD: The government has proposed new rates of capital gain tax on disposal of securities traded at Pakistan Stock Exchange (PSX). Pakistan presented its federal budget on June 10, 2022 and introduced various taxation measures to boost revenue collection. READ MORE: Pakistan slaps 45% corporate tax on banks Through Finance Bill, 2022 proposed to revise […]

by Anjum Shah

Feb 1

Stock & Commodity, Taxation

CGT on disposal of securities to be collected on Feb 10

KARACHI: The collection of capital gain tax (CGT) on disposal of securities for the month of December 2021 will be made on February 10, 2022, a statement said on Tuesday. The National Clearing Company of Pakistan Limited (NCCPL) in a communication sent to Pakistan Stock Exchange (PSX) and the Pakistan Mercantile Exchange Limited (PMEX), said […]

by Faisal Shah

Annual collection of capital gain tax falls by 26%

Dec 29

Stock & Commodity, Taxation, Top stories

Annual collection of capital gain tax falls by 26%

ISLAMABAD: The annual collection of capital gain tax (CGT) from the disposal of securities fell by 26 per cent during fiscal year 2020/2021, according to official data made available to PkRevenue.com The official data revealed that the Federal Board of Revenue (FBR) collected Rs1.925 billion as CGT during the fiscal year 2020/2021 as compared with […]

by Anjum Shah

CGT on disposal of securities to be collected on Dec 30

Dec 24

Stock & Commodity, Taxation

CGT on disposal of securities to be collected on Dec 30

KARACHI: The National Clearing Company of Pakistan Limited (NCCPL) will collect capital gain tax (CGT) on the disposal of securities for the month of October 2021 on December 30, 2021. The NCCPL in a notification said that the aggregate amount of CGT arising on the disposal of shares at the Pakistan Stock Exchange (PSX) for […]

by Hamza Shah

CGT on shares disposal to be collected on Nov 19

Nov 11

Stock & Commodity, Taxation

CGT on shares disposal to be collected on Nov 19

KARACHI: The capital gain tax (CGT) on disposal of shares for the month of September 2021 will be collected on November 19, 2021, according to a notification issued on Thursday. The National Clearing Company of Pakistan Limited (NCCPL) communicated the stock brokers that the aggregate amount of CGT arising on disposal of shares at Pakistan […]

by Faisal Shah