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, cigarettes and tobacco, fertilizer, iron and steel, LNG terminal, oil marketing, oil refining, petroleum and...