Karachi: The National Clearing Company of Pakistan Limited (NCCPL) is set to issue Annual Certificates of Capital Gain Tax (CGT Certificates) for the tax year ended June 30, 2024, by August 15, 2024. The issuance adheres to the provisions stipulated in the Income Tax Ordinance, 2001, and the Income Tax Rules, 2002.

According to information available from the Pakistan Stock Exchange (PSX), all Broker Clearing Members (BCMs), Pakistan Mercantile Exchange Limited (PMEX), and All Asset Management Companies (AMCs) are informed of this upcoming issuance. The CGT Certificates are a key component of the tax framework, aimed at ensuring compliance and transparency in financial dealings.

These certificates will be issued to all relevant investors and taxpayers who fall under the purview of the CGT regime as outlined in sub-rule (4) of rule 1 of the Eighth Schedule to the Ordinance. This step marks a crucial phase in tax documentation and regulation, reinforcing the mechanisms for tax collection and compliance within the financial sector.