Govt intends to abolish super tax: FBR chairman

FBR Chairman Rashid Mahmood Langrial said the government plans to eliminate the Super Tax, after already lowering its rate by 2 percentage points as part of a gradual phase-out. Speaking to industrialists at the Korangi Association of Trade and Industry (KATI), he also announced plans for an FBR office at the association and a wider help desk covering Sukkur as well as Karachi.

Langrial said the FBR would meet representatives of the leather industry to address border-trade problems and was considering a DRAP-like approach to improve the pharmaceutical sector’s Track and Trace System. KATI President Sheikh Umer Rehan called for timely tax refunds and greater automation, and said better implementation of tax measures could expand collections and support the government’s Rs100 billion export target.