ISLAMABAD: The Federal Board of Revenue has received 1.15 million tax returns during 10 months and 19 days of current fiscal year (2016-17) as compared with 0.993 million during the same period of previous fiscal year, showing 16 percent growth.
According to updated Active Taxpayers List (ATL) 2016, the number of return filers is increasing owing to expected strict measures to be announced in the federal budget for non-filers. The FBR is expecting the number of return filers would increase to 1.3 million by June 30.
The appearance of ATL is mandatory for a taxpayer to avail reduced rate of withholding tax rate applicable on various transactions.
