KARACHI – Federal Board of Revenue (FBR) implemented a new policy allowing late income tax return filers to be added to the Active Taxpayer’s List (ATL) by paying specified surcharge.
This announcement has been made after tweaks in Income Tax Rules. and individuals who file their income tax returns for the most recent tax year by either the original or extended deadlines set by the Commissioner or the Board will be eligible for inclusion in the ATL as per revised rules.
The country’s apex tax collection authority marks latest tax year as the most recently completed year prior to the filing date, which may also include the previous year if its deadline has not yet passed.
For those submitting returns after the designated due date, inclusion in the ATL will depend on the payment of a specified surcharge, as outlined in section 182A of the Income Tax Ordinance. Additionally, companies or associations formed after June 30 of the relevant tax year can also qualify for ATL inclusion, provided their returns are not yet due.
FBR further said that individuals filing their returns with the Azad Jammu and Kashmir Central Board of Revenue or the Gilgit Baltistan Council Board of Revenue will also be recognized in the ATL, broadening the scope of taxpayer inclusion. This new initiative aims to encourage compliance and support taxpayers in fulfilling their obligations.
FBR confirms no extension for filing income tax returns for FY 2024
