The Federal Board of Revenue (FBR) has offered major relief to businesses by agreeing to collect super tax arrears in installments, following criticism over aggressive recovery practices, FBR Chairman Rashid Mahmood Langrial said on Wednesday.
Chairman Langrial clarified that the total super tax liability stands at Rs217 billion, not Rs300 billion as previously reported. He assured the Senate Standing Committee on Finance that businesses would not be shut down over super tax and emphasized the board’s willingness to allow installment-based repayments.
During the meeting, senators highlighted that long-standing taxpayers were being repeatedly harassed for arrears, and threats of account closures or arrests were causing market panic. The FBR’s new approach is aimed at addressing these concerns and providing relief to the business community.
Finance Minister Muhammad Aurangzeb stressed that sustainable tax-to-GDP growth is crucial for economic stability. He clarified that the super tax is not linked to IMF programs and confirmed that lawmakers would be consulted during the formulation of the next federal budget.