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FBR publishes active taxpayers’ list for tax year 2020

ISLAMABAD: The Federal Board of Revenue (FBR) published on Monday the Active Taxpayers’ List (ATL) for Tax Year 2020, reported ARY News.

According to the ATL, more than 2.6 million income tax returns were filed during the tax year under review as compared to 2.4 million filed during the previous tax year, showing an increase of 8 per cent.

Also Read: FBR exceeds tax target, collects Rs2916 bn in eight months of FY21

The FBR said the names of those who filed income tax returns within the stipulated time and after the deadline was extended figure on the ATL.

Persons on the ATL can avail many benefits. They are exempted from withholding tax on cash withdrawals, other bank transactions, payment of fee to educational institutions, etc.

Also Read: FBR lets singer Rahat Fateh off the hook with absolute tax reprieve

Besides, 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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