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The Karachi Stock Exchange (Guarantee) Limited’s announcement of revision in taxes rates and capital value tax withdrawal

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Karachi: In continuation of our notice No.KSE/N-1544 dated March 17, 2011, members are hereby informed that 15% Flood Surcharge on Tax Payable levied through The Income Tax (Amendment) Ordinance, 2011 is no more applicable effective July 1, 2011 and onward. Hence, the rates of taxes currently collected by the Exchange have been revised as under to exclude the effect of levy of 15% Flood Surcharge on the Tax Payable:


S. NoDescriptionExisting RatesRevised Rates
1.Advance Tax on purchase value of shares traded0.115% of purchase value0.015 of purchase value
2.Advance Tax on trade sale value Shares traded0.0115% of sale value0.01% of sale value
3.Advance Tax on Trade value of shares0.0115% of traded value0.01% of traded value
4.Advance Tax in respect of financing of carry over trades in share business11.5% of carry over charge10% of carry over charge


The above revised rates of taxes will be applicable from July 1, 2011.

Furthermore, Capital value Tax (CVT) on purchase of Modaraba Certificates and Instrument of redeemable capital listed on any registered Stock Exchange (s) in Pakistan has also been withdrawn through the Finance Bill/Act 2011 effective from July 1, 2011. Consequently, no CVT shall be collected by the Exchange on such certificates and Instruments effective from July 01, 2011.

For more information, contact:
Ahmed A.Mitha
Chief Financial Officer
Karachi Stock Exchange
Tel: +9221 111 001 122
Fax: +9221 3241 0825, +9221 3241 5136


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