FBR hints at withdrawing super tax

LCCI supports FBR plans for complete withdrawal of Super Tax

LAHORE - Lahore Chamber of Commerce and Industry (LCCI) Acting President Tanveer Ahmed Sheikh Wednesday welcomed the indication by Federal Board of Revenue (FBR) regarding the possible complete withdrawal of Super Tax and reduction in the sales tax rate.

FBR considers further tax relief, super tax cuts as businesses seek ...

FBR hints at withdrawing super tax

ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday hinted at further tax relief for businesses, including possible complete withdrawal of super tax and reduction in sales tax rate, amid growing concerns over high input costs, elevated interest rates and alleged harassment by tax authorities, forcing several multinational companies to leave the country. The development came during a meeting of the Sub-Committee of the Senate Standing Commit…

Big ‘super tax’ relief on the cards for Pakistan’s businesses

Businesses in Pakistan could be in line for major tax relief, with the Federal Board of Revenue (FBR) signaling that super tax may be reduced further or potentially withdrawn altogether as the government seeks to ease pressure on companies and revive investment. At a meeting of the Senate Standing Committee on Finance’s sub-committee, business representatives warned that the difficult operating environment was discouraging investment, with indus…

FBR Hints at Scrapping Super Tax

The Federal Board of Revenue has signaled that businesses could receive further tax relief, including a possible complete withdrawal of super tax and a reduction in the sales tax burden, as companies warn that high costs and tax pressures are hurting investment and industrial activity. The development came during a meeting of a Senate Finance Committee subcommittee, where business representatives raised concerns over high taxation, expensive fin…