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    Procedure of Tax

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    ali hassan
    The document outlines the procedure for income tax registration of individuals, association of persons (AOPs), and companies in Pakistan. It details the steps and documentation required for each entity. An individual must provide their CNIC, phone, email, bank account, and proof of business premises. For an AOP, a partner must provide the partnership deed, CNICs, authorization letter, phone, email, bank account, and premises proof. A company's principal officer must provide the incorporation certificate, directors' CNICs, authorization letter, phone, email, bank account, and premises proof. It also describes the online registration process and requirements for obtaining an NTN certificate and filing annual tax returns.

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    Procedure of Tax

    Uploaded by

    ali hassan
    70 views16 pages
    The document outlines the procedure for income tax registration of individuals, association of persons (AOPs), and companies in Pakistan. It details the steps and documentation required for each entity. An individual must provide their CNIC, phone, email, bank account, and proof of business premises. For an AOP, a partner must provide the partnership deed, CNICs, authorization letter, phone, email, bank account, and premises proof. A company's principal officer must provide the incorporation certificate, directors' CNICs, authorization letter, phone, email, bank account, and premises proof. It also describes the online registration process and requirements for obtaining an NTN certificate and filing annual tax returns.

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    The document outlines the procedure for income tax registration of individuals, association of persons (AOPs), and companies in Pakistan. It details the steps and documentation required for each entity. An individual must provide their CNIC, phone, email, bank account, and proof of business premises. For an AOP, a partner must provide the partnership deed, CNICs, authorization letter, phone, email, bank account, and premises proof. A company's principal officer must provide the incorporation certificate, directors' CNICs, authorization letter, phone, email, bank account, and premises proof. It also describes the online registration process and requirements for obtaining an NTN certificate and filing annual tax returns.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    70 views16 pages

    Procedure of Tax

    Uploaded by

    ali hassan
    The document outlines the procedure for income tax registration of individuals, association of persons (AOPs), and companies in Pakistan. It details the steps and documentation required for each entity. An individual must provide their CNIC, phone, email, bank account, and proof of business premises. For an AOP, a partner must provide the partnership deed, CNICs, authorization letter, phone, email, bank account, and premises proof. A company's principal officer must provide the incorporation certificate, directors' CNICs, authorization letter, phone, email, bank account, and premises proof. It also describes the online registration process and requirements for obtaining an NTN certificate and filing annual tax returns.

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    By: Muhammad Sohaib Ashraf

    Lecturer, Lahore School of Business

    Lecture # 10
    Dated :07/05/16 (Tue)
    Procedure of Companies Tax
    The Federal Board of Revenue (FBR) has laid
    down procedure for income tax registration by
    individuals, Association of Persons (AOPs) and
    companies by visiting facilitation counters of tax
    offices.
    The FBR said that registration at facilitation counters
    of Tax Houses is available for all: Individual,
    Association of Person and Company; and Income Tax
    and Sales Tax.
    For Registration of an Individual,
    the Individual must:
    a. personally go to any Facilitation Counter of any Tax
    House:
    b. take the following with him:
    i. Original CNIC;
    ii. Cell phone with SIM registered against his own CNIC;
    iii. Personal Email address belonging to him;
    iv. Original certificate of maintenance of personal bank
    account in his own name;
    v. Original evidence of tenancy / ownership of business
    premises, if having a business;
    vi. Original paid utility bill of business premises not older
    than 3 months, if having a business.
    For Registration of an AOP, anyone
    of the Members / Partners must:
    a. personally go to any Facilitation Counter of any Tax
    House:
    b. take the following with him:
    i. Original partnership deed, in case of Firm;
    ii. Original registration certificate from Registrar of Firms,
    in case of Firm.
    iii. CNICs of all Members / Partners;
    iv. Original letter on letterhead of the AOP signed by all
    Members / Partners, authorizing anyone of the Members /
    Partners for Income / Sales Tax Registration;
    v. Cell phone with SIM registered against his own CNIC but
    not already registered with the FBR;
    Conti
    vi. Email address belonging to the AOP;
    vii. Original certificate of maintenance of bank
    account in AOPs name;
    viii. Original evidence of tenancy / ownership of
    business premises, if having a business;
    ix. Original paid utility bill of business premises not
    older than 3 months, if having a business.
    For Registration of a Company, the
    Principal Officer must:
    a. personally go to any Facilitation Counter of any Tax
    House:
    b. take the following with him:
    i. Incorporation Certificate of the Company;
    ii. CNICs of all Directors;
    iii. Original letter on letterhead of the company
    signed by all Directors, verifying the Principal Officer
    and authorizing him for Income Tax / Sales Tax
    Registration;
    iv. Cell phone with SIM registered against his own
    CNIC but not already registered with the FBR;
    Conti..
    v. Email address belonging to the Company;
    vi. Original certificate of maintenance of bank account
    in Companys name;
    vii. Original evidence of tenancy / ownership of
    business premises, if having a business;
    viii. Original paid utility bill of business premises not
    older than 3 months, if having a business.
    Registration Procedure for
    Proprietors:

    For running a proprietary business legitimately, NTN


    is required to be obtained on business name to fulfill
    statuary compliance as per Tax Laws.
    Obtaining National Tax Number NTN:
    Taxpayer Registration means, obtaining National Tax
    Number (NTN) from the Federal Board of Revenue
    (FBR) for making taxable transactions.
    NTN can be obtained by any of the following two ways:
    Conti
    Apply online at FBR Portal by
    visiting https://e.fbr.gov.pk
    Apply on paper at any of the Taxpayer Facilitation
    Centre (TFC Centers list given below)
    Online Income Tax Registration Procedure for
    Business Individuals:
    You can apply online for new registration by
    performing following steps:
    Step 1 & 2
    Step 1:
    Visit the FBR Portal at https://e.fbr.gov.pk
    Select New e-registration from the dropdown of e-
    Registration menu
    Step 2:
    1. Select the taxpayer type (Individual)
    2. Enter the data in front of following captions appearing on the
    screen:
    3. Enter the CNIC/NTN/Reg.Inc, according to the selected
    taxpayer type
    4. Enter Name of taxpayer
    5. Enter Image character
    6. Click Ok
    Step 3 & 4

    Step 3:
    On next screen complete all the particulars appearing on
    the form. You may save the form with available information
    and resume at alter stage if so required.
    With other details following information is required to
    complete form:-
    Bank account detail on business name is must for all
    business concerns.
    Proof of premises providing nature, detail of owner, utility
    reference numbers is required.
    Step 4:
    After completion of the online registration form, verify the
    form by clicking the Verify button
    Step 5 & 6

    Step 5:
    After successful verification, submit the form by
    Clicking Submit button.
    System will assign a Token Number which should be
    noted for checking the status of the application either
    online or by calling at 24-Hrs help line at 051-111-772-
    772.
    Step 6:
    Once the taxpayer registration application is approved,
    the system will send an e-mail to you. Approx. time for
    verification is 3-working days.
    Step 7:

    The NTN Certificate can be obtained by visiting any of


    Taxpayer Facilitation Centers and submitting a duly
    signed copy of the online application along with
    required documents (Copy of CNIC, Last Paid
    Electricity Bill, and Letter Head).
    Conti
    Note: There is no fee for getting NTN certificate.
    Filing Annual Income Tax Return:
    It is mandatory for a taxpayer to file Income Tax Returns
    annually.
    Accounting Period: July 1- June 30
    Filing Period: Annual Income Tax Returns are normally
    filed in September. However dates can be extended as per
    Government directives.
    Every proprietor business individual has to file Income Tax
    Return irrespective of date of starting a business.
    Address
    Focal Contacts:
    Further details can be obtained from the following
    departments.

    NTN Cell Islamabad & TFC-


    Islamabad Mr.Muhammad Farooq
    Incharge NTN Cell Islamabad
    CDA-Block-II, Old CBR Building
    Near Lal Masjid, Melody, G-6, Islamabad
    Tel: 051-9204911 FBR e-filing Helpline: 051-111-772-
    772 (9 am to 9 pm)esupport@pral.com.pk
    THANKS & JAZAKALLAH
    By:
    Muhammad Sohaib Ashraf
    B.Com. ,MA (Arabic)/MA (Islamic Studies)
    MS/MBA(Finance)
    Lecturer, Faculty of Management Sciences,
    Lahore Business School,
    University of Lahore, Gujrat Campus
    e-mail: sohaibayoobi@gmail.com
    Cell # 0333-839-5363
    0300-552-9349
    0321-552-9349

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