OICCI Expresses Cautious Optimism Over Federal Budget Measures
The elite business chamber welcomes super tax relief and structural reforms while warning that an expanding cash economy harms compliant corporate taxpayers.
NCCPL Revises Capital Gain Tax and Super Tax Mechanism for Tax Year 2026 Following Court Order
The National Clearing Company of Pakistan Limited updates tax collection rules, separating Capital Gain Tax from Super Tax following a Federal Constitutional Court ruling.
Federal Constitutional Court Validates Retrospective Super Tax to Generate Essential Fiscal Space
The apex constitutional court officially upholds Section 4C of the Income Tax Ordinance, enabling the state to collect billions from high-income corporate sectors.
APTMA Submits Bold Budget Proposals to Scrap Super Tax and Revive Textile Export Competitiveness
The All Pakistan Textile Mills Association urges the government to reduce taxes and duties in the FY2026-27 budget to save the struggling textile industry from collapse.
IMF Mission to Visit Pakistan in May for Finalizing 15.6 Trillion Rupee Tax Target
IMF mission scheduled for May 2026 to finalize Pakistan’s 2026-27 budget as the Fund sets an ambitious 15.564 trillion rupee tax collection target for the FBR.
FBR to Recover Rs100 Billion in Super Tax Late Payment Surcharges After Court Ruling
Pakistan informs IMF of plans to recover over Rs100 billion in surcharges from firms that delayed super tax payments through legal challenges.
APTMA asks FBR to adjust super tax liabilities against pending refunds
APTMA has urged the FBR to allow adjustment of super tax liabilities against long-pending sales tax and income tax refunds, warning that immediate recovery could disrupt the cash-strapped textile sector.
Pakistan Court Dismisses Appeals Against Super Tax, Government to Gain Rs300bn
Pakistan’s Federal Constitutional Court has dismissed all appeals against the super tax, restoring Section 4B of the Income Tax Ordinance and securing over Rs300 billion in revenue for the government.
FBR Defends Retrospective Super Tax Powers Before Federal Constitutional Court
FBR argues before the Federal Constitutional Court that Parliament has full authority to impose taxes retrospectively, as hearings continue on challenges to Super Tax under Section 4C.
Federal Constitutional Court To Hear Super Tax Cases Including DG Khan Cement Petition
Federal Constitutional Court of Pakistan schedules hearing of high-profile super tax cases under Sections 4B and 4C of Income Tax Ordinance, impacting major corporations including DG Khan Cement.