Return filers number reaches to 1.18 million

ISLAMABAD: The number of return filers has reached to 1.18 million for tax year 2016 by week ended June 12, 2017.
According to updated Active Taxpayers List (ATL) issued by the Federal Board of Revenue (FBR) on Monday about 6,819 non-filers had filed their returns during the last week as the previous number of ATL was at 1.17 million.
The FBR hoped that the implementation of budgetary measures from July 01, 2017 under which the tax rates for non-filers had further increased for tax year 2018, would further increase the number of return filers.
FBR officials said that in order to avail the reduced withholding tax rates a person required to file his return of immediate past tax year.

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