The National Clearing Company of Pakistan Limited (NCCPL) announced that it will collect the aggregate amount of Capital Gain Tax (CGT) for the period of November 1 to November 30, 2024, on Tuesday, December 31, 2024.Â
The collection will be made through the settling banks of the clearing members.
Clearing members are advised to ensure the availability of the requisite amounts in their respective bank accounts. The necessary details and reports for the said period have already been uploaded to the CGT System, facilitating compliance.
The NCCPL also finalized the CGT amounts arising from trading of future commodity contracts on the Pakistan Mercantile Exchange (PMEX) and redemption of open-end mutual fund units for the same period. Relevant reports are available in the CGT System for review.
Clearing members and the Pakistan Mercantile Exchange are instructed to verify investor-wise details of capital gains or losses and associated taxes through the provided reports and downloads. The NCCPL emphasized that in cases of partial or non-collection of CGT, actions would be taken as per the Rules and NCCPL Regulations.
