The National Clearing Company of Pakistan Limited (NCCPL) has directed stock brokers and asset management companies to deposit capital gains tax (CGT) for March transactions by April 30, 2026.
In a circular issued to clearing members (CMs) and asset management companies, NCCPL confirmed it will collect the aggregate CGT arising from share disposals on the Pakistan Stock Exchange (PSX) for the period March 1–31, 2026, through designated settling banks on the specified date.
Clearing members have been instructed to ensure sufficient funds are available in their settling bank accounts ahead of the deadline to facilitate timely tax collection. Detailed reports and investor-wise data for the relevant period have already been made accessible through NCCPL’s CGT System.
The company also confirmed that CGT liabilities related to the redemption of open-end mutual fund units for March have been finalised, with corresponding details uploaded to the system for verification. Members are required to review and verify investor-specific capital gains, losses, and applicable tax amounts using the available reports.
In cases where CGT is not fully collected, clearing members must promptly submit the names and Unique Identification Numbers (UINs) of defaulting clients to NCCPL immediately after the collection date. Non-compliance may result in regulatory action under NCCPL’s rules and applicable regulations.
The move is part of NCCPL’s broader efforts to strengthen tax compliance and improve transparency across Pakistan’s capital markets.
