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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Super Tax Implemented on Stock Investors by NCCPL
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NCCPL Set to Collect Capital Gain Tax on June 21
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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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.
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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).
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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.
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NCCPL to collect December CGT on Jan 24
KARACHI: National Clearing Company of Pakistan Limited (NCCPL) on Tuesday announced that it will collect Capita Gain Tax (CGT) for the month of December 2022 on January 24, 2023.
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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.
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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 period May 01, 2022 to May 31, 2022, would be collected on Thursday, June 30, 2022 through respective settling banks of the Clearing Members.
All clearing members have been asked to ensure requisite amount in their respective settling bank’s account. Necessary details and reports for the said period have already been made available in the CGT System.
READ MORE: NCCPL to collect CGT for August 2021 on October 29
Further, the aggregate amount of CGT arising on trading of future commodity contracts at Pakistan Mercantile Exchange for the period May 01, 2022 to May 31, 2022, would also be collected from the Pakistan Mercantile Exchange on Thursday, June 30, 2022.
Necessary details and reports for the said period have already been made available.
READ MORE: CGT rates on disposal of securities during Tax Year 2022
Moreover, the aggregate amount of CGT arising on redemption of units of open end mutual funds have also been finalized for the period April 01, 2022 to April 30, 2022. Necessary details and reports have already been made available in the CGT System.
Clearing Members and Pakistan Mercantile Exchange have been advised to verify the investor wise details of capital gain or loss and tax thereon, if any, through reports/downloads. Please note that, in case of none or partial collection of CGT, necessary action would be taken in accordance with the Rules and NCCPL Regulations.
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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 that the aggregate amount of CGT arising on disposal of shares at Pakistan Stock Exchange for the period December 01, 2021 to December 31, 2021, would be collected on Thursday February 10, 2022 through respective settling banks of the clearing members.
READ MORE: NCCPL informs about amended CGT rates to investors
All clearing members have been advised to ensure requisite amount in their respective settling bank’s account.
Further, the aggregate amount of CGT arising on trading of future commodity contracts at Pakistan Mercantile Exchange for the period December 01, 2021 to December 31, 2021, would also be collected from the Pakistan Mercantile Exchange on Thursday February 10, 2022.
Clearing Members and Pakistan Mercantile Exchange have been asked to verify the investor wise details of capital gain or loss and tax thereon, if any, through reports/downloads.
“In case of none or partial collection of CGT, necessary action would be taken in accordance with the Rules and NCCPL Regulations,” it added.
READ MORE: CGT rates on disposal of securities during Tax Year 2022