Updated ATL contains names of over 2.4 million taxpayers

The Federal Board of Revenue (FBR) has issued the updated Active Taxpayers List (ATL) on Monday.

According to a tax expert, the FBR has issued the new Active Taxpayers List (ATL) displaying names of 2,446,294 taxpayers comprising 2,342,701 individuals, 62,403 Associations of Persons and 40,988 companies as per the FBR data of tax returns.

For Tax Year 2018, by the end of February 2019, there were 1.59 million taxpayers on ATL.

During 1 March 2019 till the end of February 2020, around 0.09 million had additionally filed returns and become filer, keeping in view Tax Year 2018 latest ATL of 1.68 million.

With the issuance of new ATL considering tax year 2019 and as per the law, the ATL will be subsequently updated every Sunday at 24:00 hours, covering the late filers in the ATL as per Rule 81B(4) of the Income Tax Rules , 2002.