The Federal Board of Revenue (FBR) of Pakistan has proposed amendments to the Income Tax Rules, 2002 vide S.R.O. 1448(I)/2024.
These amendments focus on defining and managing the “Active Taxpayers’ List” (ATL) mandated under Section 181A of the Income Tax Ordinance, 2001. FBR
- Definition: The existing reference to specific sections is replaced with a clearer definition: “publishing active taxpayers’ list (ATL) under section 181A of the Ordinance.”
- Inclusion Criteria:
- Filing an income tax return for the latest tax year by the due date (including extensions).
- Paying the surcharge penalty if the return is filed late.
- Companies/associations incorporated after June 30th of the latest tax year will be included upon formation.
- Inclusion for AJK & GB Residents: Individuals residing in Azad Jammu and Kashmir (AJK) or Gilgit-Baltistan (GB) can be included if they file a return with the respective regional tax authorities and have addresses in those regions.
- ATL Update Frequency: The list will be updated daily instead of bi-weekly.
The public can submit objections or suggestions regarding these proposed amendments within seven days of publication in the official gazette. This allows for public participation in shaping the final rules.
The ATL is expected to be a crucial tool for the FBR to identify and track taxpayers. This can improve tax collection efficiency and potentially lead to a wider tax base.
Understanding the revised inclusion criteria and the importance of timely filing of tax returns is essential for taxpayers to ensure their presence on the ATL. This may be relevant for various purposes as the FBR develops the system further.
