As the tax season approaches in Pakistan for the year 2024, the Federal Board of Revenue (FBR), the apex tax agency of the country, has outlined the basic requirements for income tax registration.
These prerequisites are crucial for individuals, companies, and other entities aiming to file their annual income tax returns. Ensuring compliance with these requirements is imperative for a smooth and efficient e-enrollment process.
Individual Income Tax Registration:
Individuals are required to have the following information ready before initiating the e-enrollment process:
• CNIC/NICOP/Passport number
• Cell phone number in use
• Active e-mail address
• Nationality
• Residential address
• Accounting period
• Business income details (if applicable):
• Business name
• Business address
• Principal business activity
• Name and NTN of employer (for salary income)
• Property income details:
• Address of the property
Principal Officer of Company and AOP:
For companies and Associations of Persons (AOP), the principal officer needs to ensure the availability of the following information:
• Name of the company or AOP
• Business name
• Business address
• Accounting period
• Business phone number
• E-mail address
• Cell phone number of the principal officer
• Principal business activity
• Address of industrial establishment or principal place of business
• Company type (e.g., public limited, private limited, unit trust, NGO, society, small company, modaraba, etc.)
• Date of registration
• Incorporation certificate by SECP (in case of a company)
• Registration certificate and partnership deed (in case of a registered firm)
• Partnership deed (if the firm is not registered)
• Trust deed (in case of a trust)
• Registration certificate (in case of a society)
• Name of the representative with CNIC or NTN
• Details of every director and major shareholder having 10% or more shares.
Non-Resident Companies:
Having Permanent Establishment in Pakistan:
Non-resident companies with a permanent establishment in Pakistan must furnish the following particulars:
• Name of the company
• Business address
• Accounting period
• Phone number of the business
• Principal business activity
• Address of the principal place of business
• Registration number and date of the branch with SECP
• Name and address of the principal officer or authorized representative
• Authority letter for the appointment of the principal officer or authorized representative
• Cell phone number and email address of the principal officer or authorized representative.
Not Having Permanent Establishment in Pakistan:
For non-resident companies without a permanent establishment in Pakistan, the following particulars are required:
• Name of the company
• Business address in the foreign country
• Name and nationality of directors or trustees
• Accounting period
• Name and address of the authorized representative
• Authority letter for the appointment of the authorized representative
• Cell phone number and email address of the authorized representative
• Principal business activity
• Tax registration or incorporation document from regulatory authorities of the foreign country.
Ensuring the availability of these documents and information is crucial for a hassle-free income tax registration process, allowing individuals and entities to fulfill their tax obligations effectively. The FBR encourages early compliance to avoid any last-minute complications during the tax filing season.
