Wednesday, 29 May 2024
FBR Going to Issue New Active Taxpayers List Tomorrow

FBR Going to Issue New Active Taxpayers List Tomorrow

FBR Going to Issue New Active Taxpayers List Tomorrow

FBR Going to Issue New Active Taxpayers List Tomorrow. The Federal Board of Revenue (FBR) is going to issue the new Active Taxpayers List (ATL) tomorrow for the tax year 2023 on March 1, 2024.

This list will consist the names of those taxpayers who have filed their annual income tax returns for the tax year 2023 within due date. If submitted after due date up to 29th February 2024 then penalty also need to pay before 1st March 2024.

The current Active taxpayers list (ATL), which is updated until February 25, 2024, for the tax year 2022, has reached a mile stone of 5.73 million active taxpayers.

This is a great news that day by day taxpayers in Pakistan are increasing and are realizing the importance of tax compliances.

Becoming active tax filer brings lot of tax benefits for you:

  • no tax on cash withdrawal from Bank under section 231A
  • less tax on purchase and sale of property under section 236k and 236c
  • half tax on prize winnings from prize bond
  • half tax on profits from saving accounts
  • tax on auction of property is half
  • tax on bonus shares is also half
  • no tax on motor vehicle leasing if status is filer
  • tax on commission income is half
  • half tax on international transactions with debit/credit card
  • no tax on domestic electricity bill if exceeds Rs25,000
  • less tax on registration of motor vehicles
  • less tax on import of goods
  • half tax on payments against sale of goods
  • on payments against services there is half tax
  • on payment of dividend tax is half if status is tax filer
See also  Tax year 2020 draft return forms issued by FBR

Moreover the upcoming active tax payers list (ATL) for the tax year 2023 will remain applicable until next year up to February 28, 2025.

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