The Federal Board of Revenue (FBR) in Pakistan has added 50,000 return filers to the updated weekly active taxpayers list (ATL) issued on April 10, 2023.
The ATL contains the names of online income tax return filers for the previous tax year, and it is published every financial year on March 01, remaining valid until the last day of February of the following financial year.
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The previous ATL issued on April 03, 2023, showed 3.45 million active taxpayers, while the new ATL updated on return filed up to April 09, 2023. The new ATL for tax year 2022, which was issued on March 01, 2023, contained the names of 3.21 million taxpayers.
Taxpayers, including salaried persons, business individuals, association of persons, and companies with a special year, have until September 30 to file their income tax return. However, companies with a normal accounting year must file their annual return by December 31.
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The due date for Tax Year 2022 was repeatedly extended and was finally concluded on December 15, 2022. Therefore, those who filed their returns by December 15, 2022, are eligible for the ATL, and those who filed after the due date but paid the surcharge are also eligible.
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FBR officials have stated that taxpayers who failed to file an income tax return for Tax Year 2022 will not be able to benefit from reduced rates of withholding tax from March 01, 2023.
The Finance Act of 2018 introduced a restriction on including a person’s name in the ATL if they failed to file a Tax Return by the specified due date. However, the Finance Act of 2019 allows a person’s name to be included in the ATL, even if they filed a Tax Return after the due date specified by the Income Tax authorities.
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