ByIslamabad, Pakistan: The Federal Board of Revenue (FBR) has issued a Statutory Regulatory Order (SRO) to update the criteria for achieving Active Taxpayer List (ATL) status.
Previously, taxpayers were required to file their tax returns by March 1st to maintain ATL status. The new SRO introduces a more flexible approach, allowing taxpayers to achieve ATL status by either filing their tax returns by the due date or paying an ATL surcharge. TaxationPk
This change aims to provide taxpayers with more options and flexibility in meeting their tax obligations. By introducing the ATL surcharge, the FBR is encouraging taxpayers to file their returns on time while also providing a mechanism for those who may miss the deadline.
The FBR’s decision to update the ATL status criteria is part of its ongoing efforts to modernize the tax system and improve compliance. This move is expected to benefit taxpayers and contribute to the overall health of the economy.
