FBR waives Rs25,000 surcharge for new taxpayers joining active taxpayer list
“The FBR has waived the Rs25,000 surcharge for new taxpayers joining the ATL, subject to an undertaking not to purchase or acquire property for six months. ISLAMA…”
IISLAMABAD —The Federal Board of Revenue (FBR) has abolished the Rs25,000 surcharge for new taxpayers, allowing them to join the Active Taxpayer List (ATL) without paying the additional fee, subject to certain conditions., taxpayers seeking the exemption must undertake not to purchase or acquire any property for the next six months.
Individuals wishing to join the Active Taxpayer List will be required to submit an undertaking to the FBR. The authority has introduced a new form, ATL-U, for this purpose. Taxpayers will be able to submit the undertaking electronically through the FBR's IRIS system.
Under the new procedure, individuals submitting the undertaking will be restricted from purchasing or acquiring property for six months. The FBR will also monitor property transactions during this period. The FBR said that if a taxpayer purchases or acquires property within the stipulated six-month period, the surcharge exemption will be withdrawn.
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Through this initiative, new taxpayers have been given the opportunity to join the Active Taxpayer List without paying the Rs25,000 surcharge, provided they comply with the prescribed conditions.
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