ISLAMABAD: Federal Board of Revenue (FBR) has added around 116,801 taxpayers to the updated Active Taxpayers List (ATL) for tax year 2020 issued on Monday.
The FBR updates the ATL on every Monday on a weekly basis. The revenue body issued new ATL for tax year 2020 on March 01, 2021. The recent list is the first update to the new ATL.
The total number of active taxpayers in the new ATL – 2020 issued a week was 2,178,463. The weekly updated ATL issued on March 08, 2021 is carrying names of around 2,295,264 active taxpayers.
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.
