- Lower Withholding Tax: Filers pay significantly reduced tax rates on almost all financial transactions, including banking, utilities, and investments.
- Tax Adjustments & Refunds: Only filers can claim a “refund” or adjust advance taxes paid during the year against their final tax liability.
- Business Eligibility: Being on the ATL is often required for opening corporate bank accounts, participating in government tenders, and enhancing business credibility.
- International Transactions: Filers face lower tax rates when sending money abroad or using debit/credit cards for international payments.
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