FBR offers surcharge-free ATL entry to late filers...

Summary

•   ISLAMABAD:  The Federal Board of Revenue (FBR) has proposed a new facility that could allow individuals who file their income tax returns after the deadline to be included in the Active Taxpayers’ List (ATL) without paying the applicable surcharge, subject to a six-month restriction on purchasing or acquiring property.
• According to the proposed Rule 81B(2B), an individual who submits an income tax return for the latest tax year after the normal or extended deadline could still qualify for inclusion in the ATL without paying the surcharge currently applicable to late filers.
• The proposed mechanism would therefore allow a late filer to obtain ATL status by filing the overdue return and submitting the required undertaking instead of immediately paying the ATL surcharge.

AI Generated Summary

ISLAMABAD:  The Federal Board of Revenue (FBR) has proposed a new facility that could allow individuals who file their income tax returns after the deadline to be included in the Active Taxpayers’ List (ATL) without paying the applicable surcharge, subject to a six-month restriction on purchasing or acquiring property.

The proposal has been issued through S.R.O. 1691(I)/2026 dated October 6, 2026, as a draft amendment to the Income Tax Rules, 2002. The proposed changes have not yet been finalized. The FBR has invited objections and suggestions from stakeholders within seven days of the draft’s publication in the official Gazette.

Under the proposed amendment, changes would be introduced in Rule 81B through the insertion of new sub-rules 2B, 2C and 2D.