Tag Archives: PSX

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.

Equity market recommends tax exemption to inter-corporate dividends

KARACHI: The equity market has recommended tax exemption to inter-corporate dividend to strengthen overall corporate structure in Pakistan and also helping holding companies to diversify and economically grow.

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 demands 75pc reduction in advance tax rate on broker commission

KARACHI: Pakistan Stock Exchange (PSX) has recommended 75 percent reduction in advance tax on broker commission income. It further suggested that the advance tax so collected should be adjustable instead of final tax.

Foreign investors should be allowed advance CGT exemption

KARACHI: Pakistan Stock Exchange (PSX) has demanded exemption of advance capital gain tax (CGT) on disposal of securities irrespective of holding periods in order to attract foreign investment in the equity market.

PSX proposes CGT exemption on over three-year security holding

KARACHI: Pakistan Stock Exchange (PSX) has recommended four different holding periods of securities for calculating capital gain tax (CGT). It suggested where holding period of a security is more than 36 months the CGT should be zero percent.

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.