ByBefore we delve into the filing process, let’s clarify what a Beneficial Owner (UBO) is. A UBO is an individual who ultimately owns or controls a legal entity, such as a company or trust. The FBR has mandated the disclosure of UBO information to enhance transparency and combat money laundering and tax evasion.
Steps to File UBO Form on FBR IRIS Portal:
Login to FBR IRIS Portal:
Visit the FBR IRIS portal
Log in to your account using your credentials.
Navigate to “Applications” Section:
Once logged in, locate the “Registration” section on the dashboard. From drop down menu select “Forms”
Select “Application Addition of Beneficial Owners U/S 181E”:
Click on this option to initiate the UBO form filing process.
Provide Required Information:
Basic Information: Enter the company’s basic details, such as the CNIC/NTN number, company name, and registration number.
Beneficial Owner Details: Provide the following information for each beneficial owner:
Name
CNIC/Passport Number
Date of Birth
Nationality
Residential Address
Percentage of Ownership or Control
Supporting Documents (Optional): Upload the necessary supporting documents, such as copies of CNICs, passports, and proof of ownership or control.
Review and Submit:
Carefully review the information provided and make any necessary corrections.
Once satisfied, submit the form electronically.
Related Article: Understanding Ultimate Beneficial Ownership in Pakistan
Important Considerations:
- Accurate Information: Ensure that all information provided is accurate and up-to-date.
- Document Verification: The FBR may request additional documentation to verify the information provided.
- Timely Filing: Adhere to the specified deadlines for filing the UBO form.
Additional Tips:
- Keep your FBR account credentials secure.
- Regularly monitor your FBR portal for notifications and updates.
- Stay updated on any changes to the UBO filing requirements.
By following these steps and adhering to the FBR’s guidelines, you can successfully file the UBO form and comply with the regulatory requirements.
