The National Clearing Company of Pakistan Limited (NCCPL) has officially announced that Capital Gain Tax (CGT) for the month of June 2025 will be collected on Thursday, July 31, 2025.
In a crucial notification issued to Clearing Members (CMs), the Pakistan Mercantile Exchange Limited (PMEX), and Asset Management Companies (AMCs), the NCCPL outlined its plan for the upcoming collection.
Collection from PSX Transactions
The total CGT amount levied on share transactions executed at the Pakistan Stock Exchange (PSX) during the period from June 1 to June 30, 2025, will be meticulously collected through the designated settling banks of the respective Clearing Members. NCCPL has urged all CMs to ensure their settling bank accounts hold sufficient funds on the stipulated collection date to facilitate a smooth process. Relevant reports and detailed calculations have already been uploaded to the CGT system, allowing for thorough review and verification by all involved parties.
CGT on PMEX Future Commodity Contracts Also Due
Beyond PSX trades, the aggregate CGT amount pertaining to future commodity contracts traded at the PMEX, covering the period from December 1, 2024, to June 30, 2025, is also slated for collection on July 31, 2025. All associated details and tax reports are readily available within the CGT system for the convenience of CMs and other stakeholders.
Mutual Fund Redemptions Included
Similarly, NCCPL has finalized the CGT amount stemming from the redemption of open-end mutual fund units for the month of June 2025. Reports detailing these transactions are also accessible through the comprehensive CGT system.
Verification and Compliance Crucial for Clearing Members
Clearing Members have been strongly advised to meticulously verify the investor-wise capital gain or loss and the corresponding CGT calculated for each, utilizing the available reports. The NCCPL has stressed the importance of immediate action in cases where CGT is not collected, either fully or partially. CMs are mandated to promptly share the names and Unique Identification Numbers (UINs) of any defaulting investors with NCCPL immediately after the collection date.
The NCCPL unequivocally emphasized that any failure to comply with these directives may result in stringent action being taken under its established rules and regulations, as the company remains committed to responsibly enforcing CGT collection across the board.
