Tag Archives: Pakistan Stock Exchange

NCCPL to collect capital gain tax for April on May 30

KARACHI: National Clearing Company of Pakistan Limited (NCCPL) on Monday announced it will collect capital gain tax arising on disposal of shares at Pakistan Stock Exchange (PSX) for the month of April 2018 on May 30.

Withholding tax at 2.5pc proposed on MF transactions

KARACHI: Pakistan Stock Exchange (PSX) has proposed reduction in withholding tax rate to 2.5 percent from 10 percent on the gross income earned on margin financing (MF) transactions.

FBR proposed 20pc tax credit for 5 years on new listing

KARACHI: Federal Board of Revenue (FBR) has been urged to allow tax credit at 20 percent on enlistment of a company on the stock exchange. The tax credit should be allowed for five years from the tax year in which the company is listed, Pakistan Stock Exchange (PSX) recommended in its proposals for budget 2018/2019.

Tax exemption sought on RIET Schemes up to 2025

KARACHI: Pakistan Stock Exchange (PSX) has sought tax exemption to REIT schemes in order to encourage documentation of real estate activities.

PSX submits proposals for budget 2018/2019

KARACHI: Pakistan Stock Exchange (PSX) has submitted its proposals for budget 2018/2019 to Miftah Ismail, Adviser to Prime Minister on Finance and Revenue at a meeting held a day earlier.

Miftah directs election of PSX directors with SECP consultation

ISLAMABAD: Miftah Ismail, Adviser to Prime Minister on Finance on Friday directed that election of directors of Pakistan Stock Exchange (PSX) in consultation with Securities and Exchange Commission of Pakistan (SECP) as per the regulatory requirements.

Court orders maintaining status quo in petitions challenging imposition of windfall levy on oil

KARACHI: Islamabad High Court has directed to maintain the status quo in constitutional petition challenging the imposition of windfall levy on oil / condensate.

Withholding tax paid by stock members on sale, purchase of shares made final liability

KARACHI: Federal Board of Revenue (FBR) has made withholding tax as final tax liability paid by members of stock exchange on commission earned on purchase or sale of shares.

NCCPL collects CGT on July 31

KARACHI: National Clearing Company of Pakistan Limited (NCCPL) has announced to collect capital gain tax (CGT) on the transactions made during the month of June 2017.

Condition of higher capital gain tax rate relaxed

ISLAMABAD: The government has announced that new or higher rate of capital gain tax will not be applicable on securities purchased up to June 30, 2015.