The tax registration is key for filing income tax rates. The taxpayers should know about the required information for the tax registration.
As the filing season for the annual income tax return begins, the Federal Board of Revenue (FBR) emphasizes the importance of tax registration, a prerequisite for individuals and entities intending to submit their returns for the tax year 2021. With the deadline for filing set on September 30, 2021, taxpayers are urged to ensure their registration details are complete to streamline the process.
For an individual seeking tax registration, the FBR outlines specific information necessary for e-enrollment. The requirements include:
1. CNIC/NICOP/Passport number
2. Active cell phone number
3. Active email address
4. Nationality
5. Residential address
6. Accounting period
In the case of business income, additional details are required, such as the business name, business address, principal business activity, and the name and NTN of the employer in the case of salary income. For property income, the taxpayer needs to provide the address of the property.
Companies and Associations of Persons (AOP) are required to furnish comprehensive information for tax registration. The principal officer of the company or AOP should have the following details available:
1. Name of the company or AOP
2. Business name
3. Business address
4. Accounting period
5. Business phone number
6. Email address
7. Cell phone number of the principal officer
8. Principal business activity
9. Address of the industrial establishment or principal place of business
10. Type of company (e.g., public limited, private limited, unit trust, trust, NGO, society, small company, modaraba, or any other)
11. Date of registration
12. Incorporation certificate by the Securities and Exchange Commission of Pakistan (SECP) in the case of a company
13. Registration certificate and partnership deed in the case of a registered firm
14. Partnership deed in case the firm is not registered
15. Trust deed in case of a trust
16. Registration certificate in case of a society
17. Name, CNIC/NTN/Passport, and share percentage of every director and major shareholder having 10% or more shares in the case of a company, or partners in the case of an AOP
For the registration of a non-resident company with a permanent establishment in Pakistan, the following particulars are required:
1. Name of the company
2. Business address
3. Accounting period
4. Business phone number
5. Principal business activity
6. Address of the principal place of business
7. Registration number and date of the branch with the Securities and Exchange Commission of Pakistan (SECP)
8. Name and address of the principal officer or authorized representative of the company
9. Authority letter for the appointment of the principal officer or authorized representative
10. Cell phone number and email address of the principal officer or authorized representative
For a non-resident company without a permanent establishment in Pakistan, the following particulars are necessary:
1. Name of the company
2. Business address in the foreign country
3. Name and nationality of directors or trustees of the company
4. Accounting period
5. Name and address of the authorized representative of the company
6. Authority letter for the appointment of the authorized representative
7. Cell phone number and email address of the authorized representative
8. Principal business activity
9. Tax registration or incorporation document from the concerned regulatory authorities of the foreign country.
Ensuring that all required information is readily available will facilitate a smooth and timely tax registration process, allowing taxpayers to fulfill their obligations within the stipulated timeframe.
