Check Your Name in Latest Active Taxpayers List (ATL) Issued by the Federal Board of Revenue (FBR) on February 20, 2024.
Taxpayers are encouraged to verify their inclusion in this active taxpayers list, which encompasses individuals and companies that have filed their returns up to February 18, 2024, for the tax year 2022.
The active taxpayers list serves as a comprehensive record of online Income Tax Return filers for the preceding tax year. To be included in the current ATL, taxpayers must ensure that their tax returns correspond to the tax year mentioned in the relevant ATL. For example, to be part of the ATL published on March 1, 2021, individuals or entities should have filed a Tax Return for the Tax year 2020. This pattern applies consistently for each subsequent ATL.
Introduced through the Finance Act of 2018, there is a strict adherence to filing tax returns by the due date specified by the Income Tax authorities. Failure to meet this deadline may result in exclusion from the ATL. However, the Finance Act of 2019 brought about a noteworthy change, allowing individuals or entities to be part of the ATL even if they file their Tax Returns after the specified due date.
It is important to note that a surcharge is applicable for late filers seeking placement on the ATL after the due date of filing. The surcharge varies based on the type of taxpayer:
• Company: PKR 20,000
• Association of Persons (AOP): PKR 10,000
• Individuals: PKR 1,000
Additionally, companies or AOPs that are not required to file returns due to incorporation or formation after the 30th day of June relevant to the Tax year pertaining to the ATL will be included. Joint account holders and minors’ accounts are also considered for inclusion if specific criteria are met by the relevant individuals.
Entities or individuals falling under the category of late filers for the Tax Year 2021 can settle the “Surcharge for ATL” under section 182(A) of the Income Tax Ordinance 2001. This can be done by accessing the Tax Payment Nature “Misc” head in the PSID. Only after the surcharge payment will the names of late filers be integrated into the ATL.
Taxpayers are encouraged to review the detailed information on making tax payments, available in the “Pay Income Tax” section, to ensure a smooth process and avoid any complications in becoming part of the ATL.
In conclusion, the release of the latest ATL by the FBR underscores the importance of timely and accurate tax filings. Individuals and entities are urged to check their inclusion in the list, adhere to the specified deadlines, and make necessary payments to remain compliant with tax regulations.
