Federal Board of Revenue (FBR), registered over 60,000 new active taxpayers in just three days following the launch of the 2023 Active Taxpayer List (ATL). This surge indicates a growing awareness of tax compliance among citizens.
- The initial ATL for 2023 listed 3.35 million taxpayers.
- The number rose to 3.41 million after the first weekly update, likely due to people updating their status upon realizing their absence.
- The ATL offers benefits like reduced withholding tax rates, valid until February 28, 2025.
- FBR expects a further increase in active taxpayers, signifying a positive trend.
Benefits and Broader Impact:
- Increased registrations are seen as a sign of improved tax compliance.
- This boost is expected to positively impact government revenue collection.
- Higher revenue allows funding for essential projects and services.
- The FBR encourages everyone to update their taxpayer status to benefit from the ATL and contribute to national economic stability.
- The FBR remains committed to promoting tax transparency and compliance for a stronger Pakistani economy.This article was published at FBR's Active Taxpayer List Sees Significant Increase
