FBR 'faces' Rs 90b shortfall in August tax collection

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The Federal Board of Revenue (FBR) has begun a major drive to recover Rs 327 billion in super tax from Pakistan’s largest corporate taxpayers after a recent ruling by the Federal Constitutional Court. Tax authorities have issued recovery notices worth over Rs 200 billion to large firms and are calculating total liabilities under the law, bringing thousands of big taxpayers into the scope of the levy. Officials say the initial phase of enforcement could recover around Rs 100 billion in the coming

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