ISLAMABAD: The Federal Board of Revenue (FBR) has received about 1.4 million income tax returns.
According to weekly Active Taxpayers List (ATL), the total number of income tax return filers has reached by 1.4 million for tax year 2016. The filing of income tax returns has increased by around 30 percent when compared with 1.074 million returns filed as numbers revealed through Tax Directory for Tax Year 2015.
The ATL for Tax Year 2016 is applicable for reduced rate of withholding tax rates till issuance of new ATL 2017 to be issued by March 2018. The appearance in the ATL is mandatory for a taxpayer to avail reduced withholding tax rates as the FBR issued different rates for filers and non-filers.
