ISLAMABAD: The Federal Board of Revenue (FBR) has issued new list of active taxpayers on the basis income tax returns filed for tax year 2021. According to the new active taxpayers list (ATL), about 2.88 million taxpayers have been placed in the list. About 0.7 million active taxpayers are more in the latest ATL as […]
Federal Board of Revenue (FBR) has issued withholding tax rates on retailers at the time of sales by manufacturers during fiscal year 2021-2022. The FBR updated the withholding tax rates after incorporating amendments brought through Finance Act, 2021 effective from July 01, 2021. WITHHOLDING TAX CARD 2021-2022 The revenue body collects withholding income tax under […]
ISLAMABAD: Federal Board of Revenue (FBR) on Sunday issued a clarification regarding disturbance in Customs Operations due to up gradation of FBR Data Center. FBR has clarified that Customs operations have remained fully operational, throughout this week. Goods Declaration (GD) filing in Weboc for export has remained fully operational however due to slight glitch in […]
The Federal Board of Revenue (FBR) has issued updated rates of withholding tax on sale and purchase of immovable properties. The FBR collects withholding income tax under Section 236C and 236K of Income Tax Ordinance, 2001. WITHHOLDING TAX CARD 2021-2022 Tax rates under Section 236C of Income Tax Ordinance, 2001: The withholding tax shall be […]
Federal Board of Revenue (FBR) has issued rates of advance tax on registration or transfer of motor cars. The provincial motor vehicle authorities deduct advance tax under Section 231B of Income Tax Ordinance, 2001 from persons getting new locally manufactured motor vehicle transferred in their name. The provincial authorities collect the advance tax at the […]
ISLAMABAD: Nearly half of a million people have paid surcharge for appearance in Active Taxpayers List (ATL) to get benefit of exempt withholding tax or reduced rate of withholding tax on various types of transactions. Sources in Federal Board of Revenue (FBR) on Wednesday said that around 500,000 taxpayers who filed their income tax returns […]
KARACHI: Around 400,000 taxpayers have paid surcharge for appearance on Active Taxpayers List (ATL) for tax year 2020, according to updated active taxpayers list issued on Monday by the Federal Board of Revenue (FBR). The FBR issues a fresh ATL on March 01 every year on the basis of returns filed for the preceding tax […]
ISLAMABAD: Around 200,000 income tax return filers paid surcharge to get their names in Active Taxpayers List (ATL) during past 15 days. According to latest ATL for tax year 2020 updated up to March 14, 2021 the number of active taxpayers has increased to 2.37 million as compared with 2.17 million persons in the ATL […]
KARACHI: Karachi Tax Bar Association (KTBA) has advised the Federal Board of Revenue (FBR) to update Active Taxpayers List (ATL) on daily basis instead weekly as banks were not relying on the online verification of the active taxpayers for purpose of withholding tax deduction. The KTBA on Saturday said that many taxpayers are making payment […]
ISLAMABAD: The annual income tax return filing hit all time high of 3.11 million, according to the last weekly updated Active Taxpayers List (ATL) for Tax Year 2019 issued by Federal Board of Revenue (FBR). The FBR updated the last weekly ATL for tax year 2019 on February 22, 2021 and received record number on […]