If you invest in stocks, mutual funds, or other securities, most of your capital gains tax is already computed for you — but you still need to declare it correctly. 📋 Here’s exactly what to send for Tax Year 2026 (TY2026), covering 1 July 2025 to 30 June 2026. Filing opened on 15 July 2026, and the normal deadline is 30 September 2026.
How Your Tax Works 💡
If you trade through your broker on the stock exchange, your gains are settled through NCCPL (National Clearing Company of Pakistan Limited), which automatically computes and collects your capital gains tax. You don’t calculate this by hand — but you do need to declare it. The rate depends on when you bought:
- 📆 Acquired 1 July 2022 – 30 June 2024: rate depends on holding period — 15% for under a year, tapering down to 0% once held more than 6 years
- 🆕 Acquired on or after 1 July 2024: holding period no longer matters. Flat 15% if you were on the Active Taxpayer List on both your purchase date and your sale date, or normal income-slab rates (with a 15% floor) if not
- 📜 Acquired before 1 July 2022: older flat rates apply — 12.5% for securities bought between mid-2013 and mid-2022, 0% for anything bought before mid-2013
Mutual funds and REIT scheme units follow a different rate (generally 10%), and are exempt entirely if held for more than six years.
Your Document Checklist 📂
For everyone, before you start
- ✅ CNIC copy, front and back
- ✅ Mobile number registered with FBR
- ✅ NTN number, if you already have one
- ✅ Last year’s tax return copy, if you’ve filed before
For your investments, add these
- 📈 Broker / CDC account statement showing every trade for the year, with acquisition and disposal dates
- 📄 NCCPL capital gains certificate — shows what was already computed and collected on your behalf
- 💰 Dividend statements, if you received any
- 📊 Mutual fund or REIT redemption statements, if applicable — these are taxed differently from regular shares
- 🤝 If you transferred shares off-market (privately, not through the stock exchange): flag this separately — different rules apply and NCCPL won’t have a record of it
For your Wealth Statement (required for every filer) 📑
Under Section 116, every resident individual filing a return must also submit a Wealth Statement and Wealth Reconciliation Statement. For an investor, that includes:
- 📈 Value of shares, mutual funds, and other securities held at year-end
- 🏠 Value and address of any property you own
- 🚗 Vehicle(s) you own, with approximate value
- 💵 Cash in hand, and value of gold or jewellery, if any
- 💳 Any loans or liabilities outstanding
- 🧾 A rough estimate of your personal/household expenses for the year
- 📄 Last year’s wealth statement, if available
Optional — only if these apply to you 💡
- 🏦 Withholding tax certificate on personal bank profit (Section 151)
- 🤝 Donation receipts, if you gave to an FBR-approved charitable institution (Section 61)
- 🏛️ Pension fund contribution receipt, if you contribute to an Approved Pension Fund / VPS (Section 63)
- 🕌 Zakat deduction certificate, if any Zakat was deducted from your account (Section 60)
Common Mistakes Investors Make ⚠️
- Assuming NCCPL handling it means nothing to declare — the computation is done for you, but you still need to include it in your return.
- Not checking ATL status on the purchase date — for securities bought from July 2024 onward, your filer status matters on both the day you bought and the day you sold, not just the sale date.
- Forgetting mutual fund redemptions are taxed differently — don’t assume the same rate applies as your direct share trades.
- Doing off-market share transfers without flagging them — these bypass NCCPL entirely and get taxed under different rules.
Frequently Asked Questions
Do I need to calculate my own capital gains?
Not for shares settled through NCCPL — that’s computed automatically. You still need the certificate to declare it correctly.
Is there a minimum holding period for full exemption on shares?
For securities acquired before July 2024, yes — holding beyond 6 years brings the rate to 0%. For anything acquired from July 2024 onward, holding period no longer affects the rate at all.
What about dividends?
Dividends are taxed separately from capital gains, usually withheld at source. Send your dividend statements alongside your trading records so both get declared correctly.
ClearConcept Academy offers FIA | ACCA | Tax Training & Consultancy Services, including full-service Tax Return Filing. Send your documents on WhatsApp: +92 309 6755747 or email info@clearconcept.academy and we’ll take it from there.
Sources: Income Tax Ordinance 2001 (as amended), Sections 37A, 60, 61, 63, 116; First Schedule Part I Division VII; Finance Act 2024, Finance Act 2025. Filing dates confirmed via FBR IRIS portal, July 2026.