With the extension of the deadline for the submission of taxpayer’s profiles to June 30, On Friday, the Federal Board of Revenue [FBR] warned non-compliant taxpayers that their names will be removed from the Active Taxpayers list [ATL] and linked re-inclusion with the payment of a surcharge.
Under Section 114 A of the Income Tax Ordinance 2001, the deadline for online submission or updating of taxpayers’ profiles was Dec 31, 2020. However, the FBR extended the deadline for a period of three months to March 31, 2021 and has now given an additional three months to taxpayers for furnishing their details.
The government removed 509,039 late return filers for the tax year 2020 from the ATL as a penalty.
A profile is a piece of basic information about a taxpayer. Very often people do not update their profiles when they change their address or bank accounts. The incumbent government made it mandatory last year for all taxpayers to upgrade their profiles.
Taxpayers on the ATL list can avail the benefit of lower tax rates.