Pakistan

ISLAMABAD (Web Desk): The Federal Board of Revenue (FBR) released the Active Taxpayers List (ATL) for the Tax Year 2015 on Wednesday.

The ATL 2015 contains CNICs/names of individuals/National Tax Numbers (NTNs)/names of companies and Association of Persons (AoPs) who filed their income tax returns for the tax year 2015.

The names of those taxpayers who had filed their returns in tax year 2014 but failed to file tax returns for the tax year 2015 have not been included in the ATL for 2015.

They would be treated as non-filers requiring to pay income tax as per enhanced withholding tax rates on the pattern of other non-filers as per various provisions of law with immediate effect, said a statement issued by the FBR.

For the tax year 2015 the FBR could not issue the ATL due to continuous extension in filing date.

Finally, the FBR extended the date for filing income tax return for tax year 2015 on March 15 up to March 21.

The names appearing in the ATL are guaranteed to avoid additional withholding tax rate applied on non-filers, especially on non-cash banking transactions under Section 236 P of Income Tax Ordinance, 2001.