Individuals/AOP or companies register with FBR before filing the tax returns. Individuals can register online through iris portal. Whereas the company or AOP, principle officer need to visit relevant tax office initially. After e-enrollment individual/company gets their National Tax Number.
Filing of income tax returns are obligatory if you fulfill following conditions:
• Have any income from salary, property, business, capital gains or any other source of income
• Resident in Pakistan
The corporate entities like Private Limited Companies or Public Limited Companies regulatory body is Securities & Exchange Commission of Pakistan (SECP). Before applying with Federal Board of Revenue (FBR) companies enlist their businesses with SECP & make corporate compliances.
Tax Asaan application is available for easily filing of tax returns for salaried individuals. Prescribed forms for filing of tax returns are available on FBR website usually from June afterwards. The key dates for filing are 30th September each year for individuals and 31st December for companies. Individual fling dates may be extended through FBR notifications but for companies it is final.
All the businesses are registered for income tax and sales tax with FBR. There are relevant sales tax authorities for each province in addition to central registration companies/ businesses operating in each province need to be registered with the relevant authority as well i.e Baluchistan Revenue Authority (BRA), Sindh Board of Revenue (SBR), Punjab Revenue Authority (PRA), Khyber Pakhtunkhwa Revenue Authority (KPRA).
