How to Become a Tax Filer in Pakistan?

The government of Pakistan has finalized tax slabs for salaried individualities for the financial year 2022- 23 and has set a minimal income tax rate of 2.5 for those earning up to Rs. 100,000 per month and a outside of 35 for individualities earning a yearly payment over Rs.1 million.

Not everyone is needed to file an income tax return each year. However, you don’t need to file an income tax return, If your yearly income doesn’t exceed certain thresholds. In Pakistan, citizens falling under the criterion mentioned in Income Tax constitution, 2001, must file their income tax returns.

If you are a citizen of Pakistan residing in a foreign country, you might have some questions regarding filing your tax returns. Or maybe you want to know if you can become a tax filer, to begin with.

While the prospect of dealing with taxes may seem overwhelming to some, the process through which overseas Pakistanis become tax filers is quite simple.

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Benefits of Becoming a Tax Filler:

Before we start our discussion about the benefits of getting an income tax filer in Pakistan, you should be clear about a many effects

• Income tax for salaried individualities is subtracted and submitted at source by the employer. So, all your income levies are formerly paid if your source of income is only your payment.
• So, why are you hysterical of filing your income tax return? maturity of salaried individualities don’t have their NTN and as a result they don’t file their income tax returns and end up in paying inordinate levies without any reason.
• Salaried individualities can enjoy maximum benefits of filing levies as their tax has formerly been subtracted from their payment and submitted by their employer to FBR.

In order to get your new NTN registration online, experts at Hamza & Hamza Law Associates require the following documents and information from their clients

Before Registration and Filing of your Income Tax Return, it is recommended that one should establish basic understanding regarding these processes. Knowledge of basic concepts would not only ensure that the tasks are performed easily but also in the prescribed manner.

DOCUMENTS REQUIRED FOR NTN REGISTRATION OF SALARIED PERSONS

• Copy of CNIC
• Mobile Numbers and Email address

DOCUMENTS REQUIRED FOR NTN REGISTRATION OF BUSINESS PERSON

• Copy of CNIC.
• Copy of recently paid electricity bill of business.
• Rent Agreement or copy of Ownership documents
• Mobile and Email address.
• Nature of Business

Once your NTN gets registered, the next step is to file your income tax return.

REGISTRATION AT FACILITATION COUNTERS OF TAX HOUSES

Registration at Facilitation Counters of Tax Houses is available for all:

1. Individual, Association of Person and Company;
2. Income Tax and Sales Tax;

How to get National Tax Number (NTN) in Pakistan

Registration of Individual:

1. Personally go to any Facilitation Counter of any Tax House;
2. Take the following documents with him:
   1. Original CNIC;
   2. Cell phone with SIM registered against his own CNIC;
   3. Personal Email address belonging to him;
   4. Original certificate of maintenance of personal bank account in his own name;
   5. Original evidence of tenancy / ownership of business premises, if having a business;
   6. Original paid utility bill of business premises not older than 3 months, if having a business.

Registration of an  AOP(Anyone of the Member/Partners):

1. Personally go to any Facilitation Counter of any Tax House
2. Take the following documents with him:
   1. Original partnership deed, in case of Firm;
   2. Original registration certificate from Registrar of Firms, in case of Firm.
   3. CNICs of all Members / Partners;
   4. Original letter on letterhead of the AOP signed by all Members / Partners, authorizing anyone of the Members / Partners for Income / Sales Tax Registration;
   5. Cell phone with SIM registered against his own CNIC but not already registered with the FBR;
   6. Email address belonging to the AOP;
   7. Original certificate of maintenance of bank account in AOP’s name;
   8. Original evidence of tenancy / ownership of business premises, if having a business;
   9. Original paid utility bill of business premises not older than 3 months, if having a business.

Registration of a Company:

1. Personally go to any Facilitation Counter of any Tax House
2. Take the following document with him:
   1. Incorporation Certificate of the Company;
   2. CNICs of all Directors;
   3. Original letter on letterhead of the company signed by all Directors, verifying the Principal Officer and authorizing him for Income Tax / Sales Tax Registration;
   4. Cell phone with SIM registered against his own CNIC but not already registered with the FBR;
   5. Email address belonging to the Company;
   6. Original certificate of maintenance of bank account in Company’s name;
   7. Original evidence of tenancy / ownership of business premises, if having a business;
   8. Original paid utility bill of business premises not older than 3 months, if having a business.

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Income Tax Rates in Pakistan:

The following tax rates apply where income of the individual from salary exceeds 75% of taxable income:

The following tax rates are applicable in other cases (for individuals and AOPs):