Showing posts with label finance ministry. Show all posts
Showing posts with label finance ministry. Show all posts

Wednesday, April 21, 2010

Finance Ministry re-evaluating capital gains tax mechanism













KARACHI: The Finance Ministry is re-evaluating the mechanism to implement the capital gains tax on shares’ trading, said sources in the Federal Board of Revenue (FBR).

In February, the Finance Ministry and members of the Karachi Stock Exchange (KSE) reached an agreement under which capital gains tax would be imposed from July 1, but the rate of tax was not disclosed.