Pakistan Revenue
KARACHI: National Clearing Company of Pakistan Limited (NCCPL) on Wednesday informed investors of Pakistan Stock Exchange (PSX) that tax rate on capital gain will be 100 percent higher for those not appearing in Active Taxpayers List (ATL). In a letter communicated to Pakistan Stock Exchange (PSX), the NCCPL said that through Finance Supplementary (Second Amendment) […]
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KARACHI: National Clearing Company of Pakistan Limited (NCCPL) on Friday announced that it will collect Capital Gain Tax (CGT) on disposal of securities for the month of May on June 28, 2019.
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ISLAMABAD: The Finance Bill 2019 has proposed revised rates of Capital Gain Tax (CGT) on sale of securities under Section 37A of the Income Tax Ordinance, 2001. According to EY Ford Rhodes Chartered Accountants the rate card for levying tax on capital gains arising on sale of securities as referred to in Section 37A is […]
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ISLAMABAD: The capital gain tax on the immovable properties has been revamped through Finance Bill 2019 in order to streamline taxation on gains at the time of sale of immovable properties. According to commentary of EY Ford Rhodes Chartered Accountants on changes brought in Income Tax Ordinance, 2001 through Finance Bill 2019, the taxation of […]
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KARACHI: A large sum of tax revenue has been lost due to unrealistic declaration of property values at the time of transaction. The World Bank in its recent report on Pakistan pointed out significant size of exemptions and concessions granted by the country every year. “Substantial exemptions also apply to property taxes, whereby properties below […]
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KARACHI: Pakistan Stock Exchange (PSX) has proposed to exempt capital gain tax (CGT) on disposal of securities by foreign investors. The PSX in its proposals for budget 2019/2020 on Thursday, recommended the exemption of CGT on disposal of securities by foreign investors. Giving rationale to its proposals, the PSX said that the exemption of CGT […]
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KARACHI: The National Clearing Company of Pakistan Limited (NCCPL) on Tuesday said that it will collect Capital Gain Tax (CGT) on disposal of shares for February 2019 on March 29, 2019. The aggregate amount of CGT arising on disposal of shares at Pakistan Stock Exchange for the period February 01, 2019 to February 28, 2019, […]
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The National Clearing Company of Pakistan Limited (NCCPL) has announced its plan to collect Capital Gain Tax (CGT) for the month of January 2019 from stock brokers on February 27, 2019.
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The National Clearing Company of Pakistan Limited (NCCPL) has issued a notification to all members of the Pakistan Stock Exchange (PSX) and participants in the commodity market, including the Pakistan Mercantile Exchange and Mutual Funds, urging them to fulfill their Capital Gain Tax (CGT) obligations for the month of December 2018 by January 30, 2019.
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KARACHI – The Pakistan Stock Exchange (PSX) saw a significant surge as the benchmark KSE-100 index ended the trading session with a gain of 364 points, closing at 39,413 points as opposed to 39,049 points, offering a positive start to the trading week.
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