ATL shows 1.32 million return filers

ATL shows 1.32 million return filers

ISLAMABAD: Federal Board of Revenue (FBR) has received 1.32 million income tax returns filed for tax year 2016 up to November 05, 2017, according to weekly Active Taxpayers List (ATL) issued on Monday.

The improved number of returns shows that the people were filing their returns in order to avoid higher percentage of withholding tax applicable on non-filers of income tax.
The FBR has implemented the policy of higher rate of withholding tax on non-filers of income tax in the past four years. The policy apparently successful as in the last budget 2017/2018 the FBR further widened the gap of withholding tax rate between filers and non-filers.

Source: pkreveneue

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