The Federal Board of Revenue has launched a super tax recovery drive after a ruling by the Federal Constitutional Court. The move targets large companies that fall under the super tax framework.
FBR officials say the action is being taken to fully implement the court’s decision. Contacts have already been initiated with major corporate entities for tax recovery.
According to sources, the FBR expects to collect more than Rs300 billion through this drive. The total recoverable amount under super tax stands at Rs327 billion.
A significant portion of this amount will come from the oil and gas sector. Around Rs90 billion is expected to be recovered from oil and gas exploration companies alone.
Officials said these companies are already paying taxes between 44% and 55%. Under existing law, no additional tax beyond this limit can be imposed.
The FBR plans to recover nearly Rs100 billion in the coming months by engaging directly with large companies. The process is expected to continue in phases.
Sources also confirmed that the International Monetary Fund has been informed about the court ruling. The IMF has been briefed on the steps being taken to ensure compliance.
The recovery drive is seen as a key step to boost revenue. Authorities believe it will help strengthen fiscal discipline and meet financial targets.
