The Federal Board of Revenue (FBR) published the Active Taxpayers’ List (ATL) for Tax Year 2020.
As per to the Active Taxpayers’ List (ATL), more than 2.6 million income tax returns were filed during the tax year 2020 under review as compared to 2.4 million filed during the previous tax year, showing an increase of 8%.
The Federal Board of Revenue (FBR) said the names of those who filed income tax returns within the stipulated time and after the deadline was extended figure on the Active Taxpayers’ List (ATL).
It must be noted that, The Persons on the Active Taxpayers’ List (ATL) can avail many benefits, They are exempted from withholding tax on cash withdrawals, other bank transactions, payment of fee to educational institutions.
Along with these benefits, they can pay lesser tax on imports, goods, services and contracts, profit on debt, prize and winnings, purchase of motor vehicles and sale of property etc.
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