Saturday, November 23, 2024

FBR Active Taxpayer – Advantages and How to Verify Status

Taxpayers who filed their income tax returns online during the preceding tax year are included on the Active Taxpayer List (ATL). An annual trading list (ATL) is issued on March 1 of each financial year and is valid until midnight on February 28 of the following financial year.

FBR Active Taxpayer

The Active Taxpayer List of Tax Year 2020 was issued on March 1, 2021, and will also be active until February 28, 2022, although it was released on March 1, 2021. For the tax year 2021, a list of active taxpayers (those who have paid their taxes) will be released on March 1, 2022, and will be valid until February 28, 2023.

FBR Active Taxpayer

Unless the Tax Form filed for the Tax year of relevant ATL specifies otherwise, a person’s name will be included in the current ATL. For example, to be included in the ATL released on March 1, 2021, a person should have submitted a tax form for the Tax Year 2020.

Additionally, to be included in the ATL issued on March 1, 2022, a person must have submitted a Tax Return again for the Tax year 2021 before publication.

It was made illegal to include an individual’s name on ATL if that individual has not submitted their tax return even by the deadline stipulated by the IRS. This restriction was implemented by the Finance Act of 2018.

By Section 102(1) of the Finance Act, 2019, a person’s name may be included in ATL even if the individual has submitted their Tax Return beyond the due deadline stipulated by the Income Tax authorities. The ATL is updated just the on Federal Board of Revenue (FBR) website on Mondays at 8:00 a.m.

Verification of Active Taxpayer

Verification of Active Taxpayer

Active Taxpayer verification can be done with the help of three following steps:

  1. Verification through the help of the online portal
  2. Through SMS
  3. Verification through checking status from Active Taxpayer List

Verification through Online Portal

The online verification system of FBR allows individuals to check the status of their taxes. This online status checker is available on the official website of FBR.

Through SMS

In this step, two separate checking systems are available.

  1. The individual active Taxpayer list by SMS check.
  2. Check AJ&K Active Taxpayer by SMS.

Check the individual active Taxpayer list by SMS

SMS verification of an individual’s position as an active taxpayer may be done as follows:

  • Send the text “ATL (space) 13 digits Computerized National Identity Card (CNIC)” to the number 9966 to get it.

Follow these steps to see whether AOP and Company are currently registered as active taxpayers by SMS:

  • Send a text message to 9966 with “ATL (space) 7 digits National Tax Number (NTN).”

Check AJ&K Active TaxPayer status by SMS

  1. It’s CNIC AJKATL for individuals (without dashes).
  2. Use the shortcode 9966 to send it to someone.
  3. An 11-digit number that begins with “NTN” and ends with “AJKATL” (without dashes). Send it to 9966. “
Check AJ&K Active TaxPayer status by SMS

Verification through checking status from Active Taxpayer List

The verification of the active Taxpayer can be done by checking their status from the Active Taxpayer List (ATL) available on the official website of FBR.

Income Tax Ordinance 2001 amendments via Finance Act 2018 have made the Active Tax Payer’s List of AJK equal to that of the ATL (Income Tax).

Benefits of Active Tax Payer

  • Taxes on property purchases and sales will be reduced.
  • A lower capital gains tax rate on the selling of stock
  • Dividend tax rates will be reduced.
  • A reduced prize bond wins tax withholding.
  • Allows you to reclaim the tax that has been deducted from your income.

Conclusion

Active Tax Payer list can be checked through various methods, and these taxpayers are the individuals who pay their taxes on time to the Federal Board of Revenue online, and their status is checked through SMS and online.

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