FBR eyes Rs150–200 billion from Super Tax after court verdict

The Federal Board of Revenue (FBR) is preparing to recover between Rs150 billion and Rs200 billion in Super Tax collections during the January–March quarter, following the Federal Constitutional Court’s verdict upholding the levy.

The News reported, citing senior tax officials, that the FBR is awaiting the written judgment, after which the tax machinery will move to accelerate recoveries. With two working days remaining in January, the authority aims to collect Rs50–60 billion to meet the monthly revenue target of Rs1,031 billion.

Officials said the International Monetary Fund (IMF) has already been informed that Super Tax recoveries of up to Rs200 billion are expected after the court decision. While outstanding Super Tax liabilities are estimated at around Rs300 billion, recoverable amounts are projected to remain within the Rs150–200 billion range during the current quarter.

Super Tax is levied on high-profit entities at progressive rates ranging from 1% to 10%, depending on annual earnings. Companies with profits between Rs150 million and Rs200 million are taxed at 1%, rising incrementally to 10% for profits above Rs500 million. The tax primarily applies to large corporations, banks and other highly profitable sectors.

The Ministry of Finance has directed the FBR to bridge any revenue gaps through stronger enforcement and improved collection efforts, ruling out the introduction of new taxes to meet fiscal targets.

During the first half of the fiscal year (July–December), the FBR collected Rs6,161 billion, falling short of the IMF-agreed target by Rs329 billion.

For the period ending March 2026, the FBR and IMF have set a cumulative collection target of Rs9,917 billion, requiring Rs3,756 billion to be mobilised during the January–March quarter.