We are here to answer all your questions related to income tax, sales tax, company and all other corporate needs.
National Identity Card (CNIC) for individuals is used for NTN registration.
After registration, they are allotted a unique eight-digit NTN (eg: xxxxxxx-x).
How to Get NTN?
For companies, registration is done automatically when they join SECP, and their user ID and FBR login details are provided via email.
Whereas firms, NGOs, schools or other institutions wishing to register separately, they should contact the concerned FBR Officer (RTO).
What is Wealth Statement?
Do non-residents have to file income tax returns?
Is foreign income taxable in Pakistan?
- It depends on the residency status of the individual.
- Foreign income of non-residents is not taxable.
- Foreign income of residents is taxable in Pakistan.
Is the income of non-residents taxable in Pakistan?
What happens if tax return is not filed?
You are called Non-filer.
FBR may send you a notice to file tax return.
How much the Active Filer Fee?
For Individuals: Rs. 1,000
For AOP (Association of Persons): Rs. 10,000
For Company: Rs. 20,000
How to delete or deregister NTN?
However, the NTN of a company or AOP can be deleted after its dissolution or winding up.
What is Minimum Tax?
- Minimum Tax is payable on every company, even if the company has incurred losses.
- For AOPs or individuals, this tax is applicable only if the turnover is more than Rs. 100 million.
When are foreign remittances exempt?
How can a non-resident Pakistani get exemption on profits from bank deposits?
- Being a non-resident
- The amount is remitted from abroad through a bank
- Then apply online for an exemption certificate under section 159 of the Income Tax Ordinance on the FBR’s IRIS portal.
Who is a resident and a non-resident person?
Non-resident: One who stays outside Pakistan for 183 days or more.
What is the difference between NTN and STRN?
The NTN holder is registered under Income Tax and has to file an Income Tax Return once every year.
STRN stand for Sales Tax Registration Number
Businesses that sell taxable goods or services must register separately for sales tax
How To Become a Filer?
Then file your income tax return for tax year 2025 before the due date.
If you are already registered or have an NTN, then just filing the return for tax year 2025 will make you a filer again.
What Are the Advantages of Being a Filer and Disadvantages of Being a Non-Filer?
A non-filer is generally charged two to three times more tax than a filer.
Is It Necessary to File a Tax Return Every Year After Becoming a Filer?
Because to become a filer, you have to register with the FBR and get an NTN, and every NTN holder is required to file a tax return whether there is income or not.
What Is Difference Between Adjustable and Final Tax?
The difference between adjustable tax and final tax is that if the withholding tax deducted from your income falls under the final tax category, then it is considered your final tax liability meaning you do not have to pay any more tax to the government, and if more tax has been deducted, it cannot be refunded.
On the other hand, if the tax is adjustable, it can either be adjusted later in your annual tax return or refundable.
To check whether the tax deducted under a particular section is adjustable or final, you can go to the relevant section of the Income Tax Ordinance
if it says “Tax deducted shall be adjustable tax”, then it will be adjustable tax.
and if it says “Tax deducted shall be final tax”, then it is a final tax.
Who Pays Advance Income Tax?
On Whom Is Advance Tax Not Applicable?
Income from salary.
Bank profits under section 7B, even if the amount exceeds Rs 10 lakh.
