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Pakistan Supreme Court Orders 50% Payment of Exceptional Super Tax on High-Earnings Persons; High Court Holds Super Tax Cannot Apply for 2022

|Approved Changes|Pakistan
Pakistan

The Supreme Court of Pakistan issued an order on 7 February 2023 requiring taxpayers to pay 50% of the new super tax for the tax year 2022. The new super tax was introduced as part of the Finance Act 2022, with progressive rates of 0% to 4%. However, for the tax year 2022, a higher rate of 10% was set for high-earning persons engaged partly or wholly in specified industries where income exceeds PKR 300 million, including the business of airlines, automobiles, beverages, cement, chemicals, ci…

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