NCCPL Authorized to Collect Super Tax on Capital Gains
In a significant development, the National Clearing Company of Pakistan Limited (NCCPL) has been granted the authority to collect super tax on capital gains.
Continue Reading
Tag: Capital Gain Tax
NCCPL announces schedule for CGT collection on disposal of shares
The National Clearing Company of Pakistan Limited (NCCPL) on Tuesday May 23, 2023 released the schedule for the collection of Capital Gain Tax (CGT) on the disposal of shares at the Pakistan Stock Exchange (PSX) and Pakistan Mercantile Exchange (PMEX).
Continue Reading
FBR plans increasing CGT rates, period on immovable properties
Federal Board of Revenue (FBR) is planning to increase capital gains tax (CGT) rates and period on immovable properties in order to discourage short-term buying and selling.
Continue Reading
NCCPL to collect capital gain tax on March 31
National Clearing Company of Pakistan Limited (NCCPL) on Friday announced to collect Capital Gain Tax (CGT) on March 31, 2023 on disposal of shares during the month of February 2023.
Continue Reading
CGT on disposal of securities to be collected on Dec 07
The National Clearing Company of Pakistan Limited (NCCPL) announced on Tuesday that it will collect the aggregate amount of Capital Gains Tax (CGT) on disposal of securities for the month of October 2022 on December 07, 2022.
Continue Reading
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 […]
Continue Reading
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 […]
Continue Reading
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 […]
Continue Reading
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 […]
Continue Reading
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 […]
Continue Reading