In Landmark Ruling, Federal Constitutional Court Upholds Super Tax

In landmark ruling, Federal Constitutional Court upholds super tax

ISLAMABAD: Accepting the authority of Parliament to legislate on imposing taxes, the Federal Constitution Court (FCC) on Tuesday — in a landmark ruling with far-reaching constitutional and fiscal implications — upheld the vires of the super tax. This means that means Section 4-B and the 4-C of the Income Tax Ordinance (ITO), 2001 will be applicable from the dates these were levied as per the prescribed rates. A three-member bench, headed by FCC …

Federal Constitutional Court Upholds Super Tax

This undated image shows FCC building. — X/Ministry of Law and Justice Super tax valid since 2015, rules FCC. FCC affirms parliament’s authority to levy tax. Rs310bn recovery expected after FCC verdict. In a landmark ruling, the Federal Constitutional Court (FCC) on Tuesday upheld the super tax, accepting the authority of parliament to legislate on imposing taxes. The court delivered its verdict in the long-running super tax case, restoring Sec…

Federal Court Upholds Super Tax, Unlocks Rs. 300 Billion for Government

Pakistan’s Federal Constitutional Court has upheld the Super Tax, delivering a major fiscal win for the federal government and clearing the way for more than Rs. 300 billion in long-stalled revenue. The landmark ruling settles a long-running legal dispute and restores the government’s authority to collect the controversial levy from large corporations. In its reserved […] The post Federal Court Upholds Super Tax, Unlocks Rs. 300 Billion for Gove…

FCC declares govt can impose Super Tax

ISLAMABAD, JAN 27 /DNA/ – The apex court has revived Sector 4 b of the tax law, whereby the govt is allowed to impose super tax. The Constitutional Court announced long awaited verdict on Tuesday. WHAT IS SECTION B Section 4B of the Income Tax Ordinance, 2001 (Pakistan), introduced through the Finance Act, 2015, mandates the payment of a Super Tax for the rehabilitation of temporarily displaced persons (TDPs). Key aspects of Section 4B include: …