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.
(more…)Tag: Capital Gain Tax
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CGT Collection Deadline Set for September 23, 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.
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NCCPL Notifies CGT Rates Updated Through Finance Act 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 within Pakistan’s capital markets.
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Capital Gains Tax on Disposal of Securities Increased
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 acquisition and disposal will be set at 15 percent. This development marks a substantial change aimed at enhancing revenue collection from the financial sector.
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Finance Bill 2024 Unveils Changes to Capital Gains Tax Regime
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.
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NCCPL to Collect Capital Gains Tax on April 30, 2024
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.
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NCCPL to Collect February 2024 Capital Gain Tax on March 29
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.
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NCCPL Set to Collect January Capital Gain Tax on February 29
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.
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NCCPL Sets Deadline for December CGT Collection
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.
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NCCPL Sets December 29 as Deadline for CGT Collection
Karachi, December 20, 2023 – The National Clearing Company of Pakistan Limited (NCCPL) has officially announced the deadline for the collection of Capital Gain Tax (CGT) for the month of November 2023.
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