Super tax to be abolished: FBR chief

FBR Chairman Rashid Mahmood Langrial says the government plans to eliminate the super tax, after first lowering its rate by two percentage points. He told a meeting at the Korangi Association of Trade and Industry (KATI) that work on a gradual phaseout is under way, according to The Express Tribune.

The FBR will set up a KATI office for industrialists’ tax concerns and widen its help desk from Karachi to Sukkur. It also plans stakeholder consultations on raw-material imports, discussions on border-trade problems facing the leather industry, and cooperation with pharmaceutical businesses on a track-and-trace model based on DRAP. Langrial urged traders and industrialists to help identify tax evasion as the FBR seeks to improve the tax system.