Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Breaking News

Faulty tax calculations cost FBR Rs118b in super tax: Audit Report

byCT Report
03/07/2026
in Breaking News, Islamabad, Latest News
Share on FacebookShare on Twitter

ISLAMABAD: The Federal Board of Revenue (FBR) suffered a revenue shortfall of nearly Rs. 118 billion in super tax over the past two years due to flaws in its tax assessment system and return-filing mechanism, according to the Auditor General of Pakistan’s Audit Report 2024-25.

The audit report revealed that the FBR’s electronic tax return system does not automatically calculate super tax accurately because it fails to include all relevant sources of taxable income when determining tax liability.

You might also like

Cement Sales Rise 7% in September 2026

03/10/2026

Pakistan plans to import 26 LNG cargoes for winter

03/10/2026

As a result, 527 large taxpayers did not pay the required super tax, leading to an overall shortfall of Rs. 117.78 billion. The audit also identified serious irregularities in the assessment and recovery of super tax across 19 FBR field formations.

The Auditor General noted that these weaknesses have repeatedly resulted in the under-assessment and under-recovery of super tax over several years, despite being highlighted in previous audit reports.

Responding to the audit observations, the FBR stated that legal proceedings have already been initiated in cases involving Rs. 71.21 billion in unpaid super tax. It added that cases worth another Rs. 46.56 billion are currently pending before the courts, delaying the recovery process.

The Departmental Accounts Committee (DAC) has directed the FBR to expedite legal proceedings and submit a compliance report to the audit authorities.

The Auditor General recommended that the FBR upgrade its tax return filing system to ensure the automatic and accurate calculation of super tax by incorporating all taxable sources of income, aiming to prevent similar revenue losses in the future.

The report further observed that the recurring issue of under-recovery of super tax points to unresolved systemic weaknesses within the FBR’s tax administration framework.

Related Stories

Cement Sales Rise 7% in September 2026

byCT Report
03/10/2026

ISLAMABAD: Pakistan’s cement dispatches increased by 5.95% year-on-year to 4.621 million tons in September 2026, driven mainly by stronger domestic...

Pakistan plans to import 26 LNG cargoes for winter

byCT Report
03/10/2026

KARACHI: The government plans to procure 25 to 26 LNG cargoes from November to February to meet increased gas demand...

Islamabad Customs seizes Rs5.41b narcotics consignment near M-2

byCT Report
03/10/2026

ISLAMABAD: Collectorate of Customs Enforcement has seized narcotics and other items worth approximately Rs5.41 billion during an intelligence-based operation near...

Atif Ikram calls for joint strategy to expand share of Asia-Pacific in global textile trade

byCT Report
03/10/2026

KARACHI: President Federation of Pakistan Chambers of Commerce & Industry (FPCCI) Atif Ikram Sheikh called for a joint Asia-Pacific strategy...

Next Post

Govt working to resolve traders' issues, says Aurangzeb

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.