FBR likely to issue new active taxpayers list in Jan

KARACHI: The Federal Board of Revenue (FBR) will issue fresh active taxpayers list (ATL) in January 2017.

However, the ATL 2016 will only be applicable for the tax year 2017 or till filing process is completed in the tax year 2018.

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The 0.4 million taxpayers, who failed to file returns for the tax year 2015-16, are unlikely to escape the additional withholding tax rate after the notification of the new ATL, said the Board officials.

The appearance in ATL is mandatory for a taxpayer to avail the reduced withholding tax rates. Enlisting is only possible if a taxpayer files annual return of the preceding tax year.

The officials said the existing ATL is applicable only on the taxpayers, who had filed their returns for the tax year 2015. Number of return filers for 2015 stood at 1.2 million.

A total of 0.75 million returns for the tax year 2016 were filed up to December 15, which was the last filing date for salaried persons, business individuals, association of persons, persons falling in final tax regime and companies having the special tax year.