FBR launched the new ATL for Tax Year 2019


FBR launched the new ATL for Tax Year 2019 enabling taxpayers to avail reduced rate of withholding tax till March 2021.
According to the new ATL around 2.53 million persons and companies filed their returns till February 29, 2020. The FBR issues the new ATL on March 01 every year on the basis of income tax returns filed for the preceding tax year.
The income tax return filing has increased by over 58 percent when compared with 1.6 million returns filed as per the ATL issued on March 01, 2019.

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