Pakistan Revenue
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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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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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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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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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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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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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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Karachi, September 5, 2023 – The National Clearing Company of Pakistan Limited (NCCPL) has announced that the collection of capital gain tax (CGT) on the disposal of shares will take place on September 12, 2023.
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Karachi, July 26, 2023 – The Federal Board of Revenue (FBR) has announced significant tax amendments pertaining to capital gains on securities and shares through an official notification, Circular No. 2 of Income Tax.
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Karachi, June 14, 2023 – The National Clearing Company of Pakistan Limited (NCCPL) has announced its plan to collect capital gain tax (CGT) for the month of May 2023 on June 21.
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