FBR urges return filing for tax broadening

FBR urges return filing for tax broadening

ISLAMABAD: Federal Board of Revenue (FBR) has urged people to file their income tax returns for broadening of tax base.

In a tweet on Wednesday, the FBR said that individuals having annual income above Rs400,000 are required to file their income tax returns for tax year 2019.

The FBR urged that persons having taxable income should play their part to broaden the tax base and become active taxpayers.

The last date for filing income tax returns for tax year 2019 is January 31, 2020.

The FBR has already extended the date from September 30, 2019 in order to facilitate the taxpayers in discharging their liabilities.

The FBR will issue the Active Taxpayers List (ATL) for tax year 2019 on March 01, 2020. This list will carry the names of those taxpayers who file their returns for the said tax year.

In case of non-filing of returns, taxpayers will liable to pay 100 percent additional withholding tax on various transactions.

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