Business

FBR Moves to Collect Rs 327 Billion in Super Tax From Large Firms

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The Federal Board of Revenue (FBR) has intensified efforts to recover super tax after a recent ruling by the Federal Constitutional Court, issuing recovery notices to large corporate taxpayers across the country.

Tax officials said notices exceeding Rs 200 billion were issued as Large, Medium and Corporate Tax Offices began calculating liabilities of companies under their jurisdiction. The overall recovery from super tax is estimated at around Rs 327 billion, with thousands of taxpayers expected to fall within the scope of the levy following the court’s decision.

Officials indicated that nearly Rs 90 billion is expected from oil and gas exploration companies alone. These firms already face effective tax rates ranging from 44 to 55%, and authorities maintain that existing agreements do not permit taxation beyond those limits.

The revenue authority has also begun direct engagement with major corporate taxpayers and is aiming to recover around Rs 100 billion in the initial phase of enforcement over the coming months. The IMF has been informed about the court ruling and the steps being taken to implement it.

Recovery notices warn that failure to clear dues could result in enforcement measures, including attachment and sale of property, appointment of receivers, and even arrest and detention for up to six months, as provided under the law. However, taxpayers have been told that recovery may be avoided if the demand is under appeal, subject to rectification, or already settled through payment or adjustment.