Following the Federal Constitutional Court’s ruling upholding the Super Tax, the Federal Board of Revenue (FBR) is preparing to recover around Rs150–200 billion in the ongoing January-March quarter to help bridge its revenue gap.
Senior FBR officials said the tax authority is awaiting the detailed written verdict, expected on Wednesday, after which it will have two working days to mobilise Rs50–60 billion to meet January’s revenue target of Rs1,031 billion.
“We have informed the IMF that approximately Rs200 billion is expected to be collected through the Super Tax after the apex court’s decision,” senior officials told a private media outlet on Tuesday.
“While the total outstanding liability stands at around Rs300 billion, realistic recoveries are likely to remain between Rs150 billion and Rs200 billion. This amount will be collected within the current quarter to minimise the shortfall.”
Under the existing framework, Super Tax rates range from one to 10 percent, based on annual profits. Companies earning between Rs150 million and Rs200 million are taxed at one percent, rising to 1.5 percent for profits up to Rs250 million and 2.5 percent for profits of up to Rs300 million.
Firms with earnings of Rs350 million face a 3.5 percent rate, Rs400 million at 5.5 percent, Rs500 million at 7.5 percent, while profits above that level attract a Super Tax of up to ten percent. The levy primarily applies to large corporations, banks and other highly profitable sectors.
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.
By the end of March 2026, the FBR is required to raise Rs9,917 billion under its agreement with the IMF, necessitating collections of Rs3,756 billion during the January – March period.
Meanwhile, the Ministry of Finance has issued budget strategy guidelines to the FBR, instructing it to address any revenue shortfall through improved enforcement and collection measures, while ruling out the imposition of new taxes.