Commercial entities can adjust their super tax liability against tax credits, rules FCC

ISLAMABAD: The Federal Constitutional Court (FCC) ruled on Monday that commercial entities could adjust their super tax liability against tax credits. A two-member bench, comprising FCC Chief Justice Aminuddin Khan and Justice Aamer Farooq, issued the ruling on an appeal filed by CM Pak Limited – a Chinese multinational telecom operator – against the March 25, 2026, Islamabad High Court’s (IHC) rejection of a similar plea. “We find no justification for holding that super tax paid under Sectio...

By none@none.com (Nasir Iqbal)