how to become filer in pakistan

Becoming tax filer in pakistan is significant, this is because you can get much advantages of being a filer in pakistan. you can minimize your taxes on different transactions and overtime you can get ride of huge amount of taxes which can save you a lot of income.

What is meant by tax filer?

Those individual or organization who file their income taxes on regular bases and are register with the FBR (federal board of revenue) of Pakistan are simply known as Tax filers. Being a tax filer you can be very beneficial for you because you will pay less tax as compare to the non-tax filers.

Necessary materials to be a tax filer in Pakistan

you should have the following documents while filing

Eligibility for becoming a tax filer in Pakistan

Every individual of Pakistan can become a tax filer whether you are a salaried person or corporation but they must submit taxes.

Criteria for becoming a tax filer

An individual or a business will be a tax filer if it fall in the following two categories

For individuals

1. your income must be from salary not any other source
2. If you operate a business, you are required to file income tax returns irrespective of its size.
3. Regardless of whether your business is large or small, you must file income tax returns.
4. If you possess property or land, you are also obligated to file tax returns.

For businesses

1. if you have your own business then you should register you business and become a tax filer
2. All registered businesses, including partnerships and corporations, are required to submit income tax filings.

How to Become Filer in Pakistan? Step by Step Guide

Here is step by step guide for how to become a tax filer in Pakistan, follow these

Step 1. Are you eligible for tax to be paid

tax can be paid to the government of Pakistan but there are certain limits below which individual or businesses will not pay any tax, but if you exceed these limits then you will pay tax. for knowing eligibility you should try to search different tax slabs, call a tax specialist or go to FBR website.

Step 2. Obtain Your National Tax Number (NTN)

Go to the official website of FBR and create an account using your CNIC then fill the form to receive your NTN online

Step 3. Go to IRIS Portal

go to the IRIS Portal and login by the NTN and password. where you will fill and complete your profile by providing your information.
remember to verify your email and phone number.

Step 4. Get Your Documents Ready for Tax Return

collect all the necessary documents, understand all the tax deductions and then estimate your tax using an online tax calculator.

How to Check FBR Filer Status?

It is very easy and important to check that your an active tax payer or not. you can following any of the following two methods to check you tax filer status.

Method 1. By sms

Method 1. By sms

it is just easy you need to download list of the active tax payer from FBR website and then search for your name

Benefits of being a tax filer

1. Reduced Withholding Tax Rates: Enjoy lower withholding tax rates on a wide range of transactions, such as banking activities, property dealings, and vehicle purchases.
2. Access to Tax Exemptions and Deductions: Qualify for various tax exemptions and deductions, which can significantly reduce your overall tax liability.
3. Enhanced Financial Credibility: Improve your credit rating, making it easier to secure loans and other financial services from banks and institutions.
4. Legal Compliance and National Contribution: Fulfill your legal obligations as a responsible citizen while contributing to the nation’s economic growth and development through tax revenues.
5. Increased Trust and Opportunities: Build trust with financial institutions, government agencies, and potential business partners, opening doors to greater opportunities.