Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial has announced that the government plans to abolish the Super Tax in a phased manner to ease the burden on large corporate groups, multinationals and high-turnover businesses.
Speaking on the second day of the Pakistan Business Council’s economic dialogue on Thursday, Langrial said the manufacturing and corporate sectors are currently overtaxed and require rationalization to remain competitive. He acknowledged that taxes such as the Super Tax and high corporate tax rates lack justification and assured that reductions will be made as fiscal space allows.
National Coordinator of the SIFC, Lt. Gen. Sarfraz Ahmed, also recognized business community concerns over rising tax pressures.
Langrial shared that the government has finalized a plan to raise the tax-to-GDP ratio to 18% by FY28. He highlighted major gaps in documentation, noting that over 90% of hospitals accept only cash payments to hide actual earnings, while only 150,000 doctors are registered with the FBR—paying an average of Rs2 million annually despite lifestyles indicating far higher incomes.
