Islamabad: The Federal Board of Revenue (FBR) has indicated flexibility in the recovery of Super Tax from the corporate sector, stating that payments may be collected in installments on a case-by-case basis to ease pressure on businesses.
The assurance was given by FBR Chairman Rashid Mahmood Langrial during a meeting of the Senate Standing Committee on Finance on Wednesday, where members raised concerns over the abrupt recovery of Super Tax and its impact on industry and economic activity.
Langrial told the committee that the FBR has issued instructions to field formations to ensure taxpayers are not subjected to unnecessary hardship during implementation. He said companies with audited accounts have already made provisions for the tax in recent years and stressed that no business would be forced to shut down as a result of recovery measures.
Addressing reports of large-scale recoveries, the FBR chairman clarified that the commonly cited figure of Rs300 billion was inaccurate, placing the actual recoverable amount at around Rs217 billion. He added that the Super Tax issue had remained under litigation for several years and was recently settled following court rulings upholding its legality.
Committee members and business representatives expressed concern over recovery notices warning of account attachments and arrests, describing them as discouraging for investment. In response, the FBR reiterated its willingness to allow installment-based recovery, while the Finance Ministry said the matter would be reviewed further in upcoming budget discussions.
The committee emphasized the need for business-friendly policies and urged the tax authority to balance revenue collection with economic stability.
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