Karachi, September 26, 2024 – The Federal Board of Revenue (FBR) is preparing to implement amended rules governing the inclusion of individuals and entities in the Active Taxpayers List (ATL). These amendments, which are now finalized, are expected to be formally introduced soon. According to official sources, the FBR issued notification SRO 1448(I)/2024 on September 18, 2024, proposing key changes to the Income Tax Rules, 2002, primarily focused on ATL-related criteria. Stakeholders were invited to submit their feedback within seven days, a period that has now passed. However, tax experts are calling for an extension of the comment period, arguing that the implications of the amended rules have not been adequately explained. “The draft notification details deletions and additions to the existing ATL rules but lacks an explanatory note outlining the impact of these changes on taxpayers and the general public,” stated a tax analyst. The experts emphasized that without a comparative statement clearly explaining the changes and their effects, the public is left in the dark about how these amendments will influence tax obligations. “FBR should provide an additional seven days for public comments and issue a comprehensive breakdown of the proposed changes,” one expert recommended. They further criticized the FBR for using technicalities to rush through legal formalities without providing sufficient…