The Karachi Stock Exchange (Guarantee) Limited’s draft capital gain tax rules

Karachi, July 30, 2012 (PPI-OT): This is with reference to the promulgation of Finance (Amendment) Ordinance, 2012 pertaining to the computation of Capital Gains on Disposal of Listed Securities and tax thereon effective from April 24, 2012.

In this respect, we would like to inform you that the Federal Board of Revenue (“FBR”) has published amendments in the Income Tax Rules, 2002 in relation to Capital Gain Tat (“CGT’), This notification is available on the following links of the FBR website for seeking views/suggestions within a period of 15 days from its publication.

Fur your convenience a copy of these draft Rules is also enclosed herewith.

You are therefore requested to review the said draft Rules and provide your feedback / comments by Monday July 30, 2012 so that the same may be taken up with the FBR within the timeline.

For any further infuriation or queries please feel free to contact the Customer Support Department of your respective locations.

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For more information, Contact:
Karachi Stock Exchange
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136