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Tag: super tax

Supreme Court of Pakistan

Apex court upholds super tax as constitutional in landmark ruling

April 30, 2026April 30, 2026Mrs. Anjum Shahnawaz

Islamabad, April 30, 2026 — The Federal Constitutional Court of Pakistan has upheld the legality of the super tax, declaring Section 4C of the Income Tax Ordinance, 2001 constitutional and overturning earlier judgments of the Islamabad High Court.

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KTBA Bar

KTBA raises voice for high earners amid FBR super tax surcharge action

April 24, 2026April 24, 2026Shahnawaz Akhter

Karachi, April 24, 2026 – The Karachi Tax Bar Association (KTBA) has strongly defended high-income taxpayers against default surcharge proceedings initiated by the Federal Board of Revenue (FBR), raising concerns over legality, fairness, and economic impact.

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PBC Proposals

Super tax reduction planned under new industrial policy

August 10, 2025February 2, 2026Mrs. Anjum Shahnawaz

ISLAMABAD – The federal government has decided to gradually reduce the super tax rate for the manufacturing sector as part of its upcoming industrial policy.

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finance act 2025

Revised Super Tax Rates Effective July 1, 2025

June 30, 2025June 30, 2025Shahnawaz Akhter

Karachi, June 30, 2025 – The government has officially notified revised super tax rates through the Finance Act, 2025, which will take effect from July 1, 2025, for the tax year 2026 and onward.

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PBC Proposals

Super tax shake-up unveiled in Finance Bill 2025

June 11, 2025June 11, 2025Shahnawaz Akhter

Islamabad, June 11, 2025 – In a move that has sent ripples across Pakistan’s corporate and high-net-worth sectors, the government has proposed a dramatic revision of the super tax regime through the highly anticipated Finance Bill 2025.

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Tax Budget

IHC Transfers Super Tax Cases to Supreme Court of Pakistan

March 22, 2025March 22, 2025Shahnawaz Akhter

Islamabad, March 22, 2025 – A division bench of the Islamabad High Court (IHC) has directed the transfer of all pending cases challenging the super tax under Sections 4B and 4C of the Income Tax Ordinance, 2001, to the Supreme Court of Pakistan.

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FBR Image 01 New

FBR Announces Updated Super Tax Structure for Tax Year 2024-25

August 18, 2024August 18, 2024Shahnawaz Akhter

Karachi, August 18, 2024 – The Federal Board of Revenue (FBR) has unveiled the latest position on the super tax applicable for the tax year 2024-25, in accordance with the Income Tax Ordinance, 2001, updated up to June 30, 2024.

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PBC Proposals

Finance Bill 2024 Resolves Super Tax Application Dispute

June 15, 2024June 15, 2024Shahnawaz Akhter

Karachi, June 15, 2024 – The Finance Bill 2024 has addressed a longstanding dispute regarding the application of super tax, providing much-needed clarity for businesses, according to tax experts.

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PBC Proposals

LHC Rules Against Retrospective Super Tax for Tax Year 2022

June 5, 2024June 5, 2024Shahnawaz Akhter

PkRevenue.com – The Lahore High Court (LHC) has declared that the super tax under Section 4C of the Income Tax Ordinance, 2001, cannot be imposed retrospectively on companies and individuals for the tax year 2022.

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PBC Proposals

MTO Karachi Recovers Super Tax of Rs 607 Million from Maersk

May 23, 2024May 23, 2024Shahnawaz Akhter

Karachi, May 23, 2024 – In a landmark fiscal achievement, the Medium Tax Office (MTO) Karachi has effectuated the recovery of a colossal sum of Rs 607 million in super tax from Maersk, the globally eminent shipping and logistics conglomerate.

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