KARACHI: The total number of active taxpayers has increased to 1.81 million for tax year 2017, according to latest weekly Active Taxpayers List (ATL) released by Federal Board of Revenue (FBR).
The ATL – 2017 will remain applicable till February 28, 2019. The FBR will issue new ATL -2018 on March 01, 2019.
The FBR issues weekly ATL to update the names of return filed during the last week. However, issuance of weekly ATL will be stopped from March 01, 2019 as per law now FBR will not include name of late filers to ATL.
The total number of return filers to be appeared on the ATL 2018 is 1.55 million. Therefore, the new ATL will have 0.26 million less active taxpayers.
Appearance on the ATL is mandatory for taxpayers in order to avail reduced rates of withholding tax rates for making various kinds of transactions.
Through Finance Act, 2018 a new section 182A was introduced to Income Tax Ordinance, 2001 under which late filers will not be allowed to get their names on the ATL.