FBR-tax-returns

Pakistan is one of the lowest tax-to-GDP ratios countries in the world. For the uninitiated, tax-to-GDP ratios are used to assess any country’s development year after year. Gross Domestic Product (GDP) of the country, the higher the number of tax revenues a government can earn for the same since the value of goods and services it exports to other countries have increased.

With those uninteresting numbers and information out of the way, here’s why people who are employed or salaried should care about filing their income tax returns presently like never before. You must have heard about the bank transactions being taxed more for non-filers.

Now You File your return online very easily by following these steps.

And since the procedure of registration is all online, you really don’t have the ‘ain’t anybody got time for that’ excuse to play.

(unless you don’t happen to have your CNIC yet, in this case, you need to visit the NADRA office near you).

FBR issued an SRO that stated that a filer can use their CNIC number as NTN Number without the need to go through additional hassles related to registering the NTN (National Tax Number). This development has taken the sting out of registering as a taxpayer in Pakistan. Here’s how you can register as one:

Step 1:

You will have to get your Registration Number and password via FBR’s e-Enrollment process. To do that, visit FBR Website to get to the main page of Iris, FBR’s simplified ERP system for taxpayer registration.

FBR’s e-Enrollment

Step 2:

You will need to go to the ‘Registration for Unregistered Person’ if you are a first time user. Enter the required information. You will get a confirmation input to validate your account (usually an email and/or SMS). You will get your password/PIN to login to your account. Sometimes this procedure may take a couple of days for security reasons.

file Your Income Tax

Step 3:

Once you’ve registered successfully and have logged in by entering your Registration No and password on the main login page of Iris, you can now file your wealth statement.

Step 4:

For salaried persons, they will have to fill wealth statement and income tax returns. The procedure for filling out your details for wealth statement and income tax returns are present here.

Step 5:

You can get more detailed help can be found on this FBR FAQ/ Help page here, concerning FAQs, Registration, Income Tax Returns and more.

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