ISLAMABAD: Around 60,000 taxpayers paid surcharge for including their names in Active Taxpayers List (ATL) for tax year 2020 during the week ended March 21, 2021.
According to weekly updated ATL -2020 issued on March 22, 2021 by the Federal Board of Revenue (FBR), the number of active taxpayers increased to 2.43 million on the basis of return filed / surcharge payment for appearance on the ATL.
The number of active taxpayers was 2.37 million in the preceding week.
The FBR issued the ATL for the tax year 2020 on March 01, 2020 and the total number of active taxpayers on the list was 2.17 million.
The appearance of taxpayers’ name on the ATL guarantees exemption from withholding tax on various transactions and reduction of withholding tax rate.
The FBR includes names of only those taxpayers, who file their annual returns within due date or it was extended by commissioner appeals on the basis of request filed by the taxpayers.
However, late filers can also enlist their names on the ATL after payment of surcharge.
The payment of surcharge is Rs1,000 for individuals, Rs10,000 for Association of Persons and Rs20,000 is for corporate entities.
