NCCPL to collect capital gains tax on May PSX share disposals on July 3

The National Clearing Company of Pakistan Limited (NCCPL) will collect capital gains tax arising from disposal of shares at the Pakistan Stock Exchange (PSX) for the period May 01 to May 31, 2026, on Friday, July 03, 2026.

According to a notice issued to clearing members, the Pakistan Mercantile Exchange Limited and asset management companies, the tax amount will be collected through the respective settling banks of clearing members.

NCCPL asked all clearing members to ensure that the required amount is available in their settling bank accounts.

It said necessary details and reports for the May 2026 period had already been made available in the CGT System.

The notice also said the aggregate CGT arising from trading of future commodity contracts at PMEX for the period July 01, 2025 to November 30, 2025 had been finalised on the basis of transactional data received from PMEX.

The relevant details and reports for that period have also been made available in the CGT System for review and reconciliation.

NCCPL said computation and determination of CGT for the remaining period of the current tax year will be carried out after receiving the required data from PMEX.

Separately, the aggregate CGT arising from redemption of units of open-end mutual funds has been finalised for the period May 01 to May 31, 2026.

The company said necessary details and reports had been made available in the CGT System for all asset management companies.

Clearing members have been directed to verify investor-wise details of capital gain or loss and applicable tax through reports and downloads available in the CGT System.

The notice said that in case of non-collection or partial collection of CGT, clearing members must immediately provide the names and UINs of defaulting customers to NCCPL after the CGT collection date.

Failure to provide these details may lead to action under NCCPL’s applicable rules and regulations.

NCCPL said CGT refunds previously held and adjusted against Super Tax obligations up to May 31, 2026 will be released. At the same time, Super Tax obligations will be reinstated as of May 31, 2026.

Members have been advised to verify investor-wise details and seek the consent of relevant investors for settlement of Super Tax obligations.