ISLAMABAD: In order to avoid higher rate of withholding tax, about 7,235 persons have filed their income tax return during week ending June 04, 2017, according to weekly Active Taxpayers List (ATL) issued by Federal Board of Revenue (FBR).
According to the list the number of return filers have increased to 1,173,787 during the week as compared with 1,166,552. The FBR has proposed tough measures in the budget 2017/2018 for non-filers of income tax returns to compel them in discharging their liabilities.
The appearance in ATL is mandatory to avail the reduced rate of withholding tax applicable on many heads under Income Tax Ordinance, 2001.
