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Frequently Asked Questions
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Faqs
FAQs
Frequently Asked Questions
What is the NTN and why do I need it?
NTN (National Tax Number) is required to file income taxes and is mandatory for business registrations and bank dealings in Pakistan.
How do I register a business in Pakistan?
Business registration is done via SECP or FBR, depending on the structure. We assist in end-to-end registration and corporate compliance.
Do salaried individuals need to file tax returns?
Yes, it is mandatory for all salaried individuals earning above the tax threshold to file annual returns with FBR.
What is a filer and non-filer?
Filers are individuals/entities who submit tax returns. Non-filers face higher tax rates on banking, vehicles, property, etc.
How long does it take to register an NTN?
NTN registration usually takes 1–2 working days if all documents are in order.
Can I file taxes online in Pakistan?
Yes, tax returns can be filed online via the FBR Iris portal. We offer support for online filing.
What documents are needed to file income tax?
CNIC, salary certificate or bank statement, and details of assets and expenses are required for filing income tax.
Do I need to register for sales tax?
Sales tax registration is required for businesses dealing in taxable goods and services above certain turnover limits.
What is SECP registration?
SECP registration is for companies and LLPs under the Companies Act 2017. It's essential for corporate entities in Pakistan.
Can you help me appeal a tax notice?
Yes, we offer expert corporate assistance for responding to and appealing tax notices from FBR or other authorities.
What is the due date for tax filing in Pakistan?
The deadline is usually 30th September for individuals and varies for companies. Extensions may be granted by FBR.
What happens if I don’t file taxes?
You may face penalties, higher tax rates, and corporate notices from the FBR for non-compliance.
Can I file a nil return?
Yes, if you had no income or taxable activity, you must still file a nil return to maintain filer status.
What is the benefit of being a tax filer?
Lower withholding taxes, property purchases, vehicle registration, and bank transaction benefits are key advantages.
Do freelancers need to pay tax in Pakistan?
Yes, freelancers earning through digital platforms must declare income and can benefit from tax exemptions under certain categories.
How do I check my filer status?
You can check your filer status via the FBR Active Taxpayer List (ATL) using your CNIC or registration number.
Is property income taxable?
Yes, rental income from property is taxable, and applicable rates vary based on income slabs.
Can you help with trademark registration?
Absolutely. We provide end-to-end support for trademark registration and intellectual property rights in Pakistan.
What is the procedure to close a business?
Business closure requires deregistration from FBR/SECP and clearance of all dues. We manage this process on your behalf.
Do you offer monthly tax filing services?
Yes, we offer ongoing monthly/quarterly compliance services for businesses, including income and sales tax filings.
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