ATL to be updated on fortnightly basis: FBR August 28, 2014 RECORDER REPORT 0 Comments E-mailPrintPDF Active Taxpayer List (ATL) will be updated by the Federal Board of Revenue (FBR) on a fortnightly basis and it will be amended if the taxpayer has filed the tax return or statement under Income Tax Ordinance, 2001. The FBR has issued SRO.765(I)/2014 here on Wednesday to amend the Income Tax Rules, 2002 pertaining to Active Taxpayer List and Taxpayer Card. The FBR has specified through the rules that the FBR may authorize National Database and Registration Authority (NADRA) for printing and issuing taxpayers cards. According to the rules on Active Taxpayer List, the FBR said that the rule shall apply for the purpose of clauses (23A) and section 35C of section 2 and section 181A. The Board shall publish Active Taxpayers List, hereinafter referred to as ATL, comprising persons who meet the criteria as laid down and shall be made available on the Boards web portal, by first day of March in each financial year. Provided that for financial year 2014-15, Active Taxpayers list shall be published and made available on the Boards web portal, by first day of July, 2014. The ATL published in any financial year shall be valid for the period, beginning from the date of publish and ending on last day of February, next following. The ATL shall be updated on fifteenth day of every month, hereinafter referred to as the date for up dating. The rules said that a persons name shall be included in ATL, if he has filed a return under section 114 or a statement under section 115 for the tax year for which the last date as specified in section 118 falls in immediately preceding twelve months. In case a joint account is held in a bank by more than one person the joint account holders as an entity shall be deemed to have met the criteria as laid down under sub-rule (5), if any of the persons in the joint account meets the criteria as laid down. In case an account is held in a bank in the name of a minor, the minor shall be deemed to have met the criteria as laid down under sub-rule (5), if the parent, guardian or any person who has made deposits in the minors account meet the laid down criteria. The rules said that a persons name shall be included in ATL immediately following updation date, if at any time, the criteria as laid down under sub-rule (5), is fulfilled by that person. The rules pertaining to the Taxpayer Card said that the rule shall apply for the purposes of clauses (23A and (35C) of section 2. Subject to sub-rule (5), the Board may issue Taxpayer Card by first of March, each year, to a person who meets the criteria as laid down in sub-rule (3). A Person shall be issued Taxpayer Card, if the person has filed a return under section 114 or a statement under section115 for the tax year for which the last date as specified in section 118 falls in between immediately preceding twelve months. Taxpayer Card shall be valid for one year, beginning on the date of issue and ending on last day of February of the following year. Provided that Taxpayers Cards issued in respect of tax year 2013, shall be valid up to February 28, 2015. The Board may authorize National Database and Registration Authority (NADRA) for the purpose of printing and issuing taxpayer cards, new rules added. brecorder/taxation/181:pakistan/1218136:atl-to-be-updated-on-fortnightly-basis-fbr/?date=2014-08-28
Posted on: Thu, 28 Aug 2014 01:58:46 +0000
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