Karachi, February 3, 2024 – The Federal Board of Revenue (FBR) has released a detailed guide outlining the steps for tax registration to facilitate the filing of income tax returns for the tax year 2024.
This guide provides crucial information for individuals, companies, and associations of persons (AOPs), including foreign nationals, on the process of registration and the requirements to ensure a smooth filing process.
Registration Process:
The initial step in filing an Income Tax Return is to register with the Federal Board of Revenue (FBR). The registration process varies for individuals, companies, and AOPs.
For Individuals:
• Individual taxpayers can register online through the Iris Portal.
• The 13-digit Computerized National Identity Card (CNIC) serves as the NTN (National Tax Number) or Registration Number.
• The credentials obtained through e-enrollment grant access to the Iris portal, the sole platform for filing online Income Tax Returns.
For AOPs and Companies:
• The principal officer of an AOP or a company must visit the Regional Tax Office (RTO) for registration.
• A 7-digit NTN is assigned after successful e-enrollment, serving as the NTN or Registration Number for AOPs and companies.
Requirements for Registration:
For Individuals:
Before initiating e-enrollment, individuals must ensure the availability of the following information:
• CNIC/NICOP/Passport number
• Active cell phone number
• Active email address
• Nationality
• Residential address
• Accounting period
• Additional information based on the type of income (e.g., business income, salary income, property income)
For Principal Officers of AOPs and Companies:
Prior to e-enrollment, principal officers must have the following details ready:
• Name of company or AOP
• Business name and address
• Accounting period
• Business phone number
• Active email address
• Cell phone number of the principal officer
• Principal business activity
• Address of industrial establishment or principal place of business
• Company type, registration date, and relevant certificates (e.g., SECP incorporation certificate)
For Non-Resident Companies:
Non-resident companies with a permanent establishment in Pakistan or without must furnish specific particulars, including business address, accounting period, and details of the principal officer or authorized representative.
Non-Resident Companies Requirements:
For Those with Permanent Establishment:
• Name of the company
• Business address
• Accounting period
• Phone number of business
• Principal business activity
• Address of the principal place of business
• Registration number and date 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
For Those Without Permanent Establishment:
• Name of the company
• Business address in the foreign country
• Names and nationalities of directors or trustees
• Accounting period
• Name and address of authorized representative
• Authority letter for the appointment of the authorized representative
• Cell phone number and email address of the authorized representative
• Principal business activity and tax registration or incorporation document from the foreign country’s regulatory authorities
By following this comprehensive guide, individuals and entities can navigate the tax registration process seamlessly, ensuring compliance with FBR regulations and facilitating the subsequent filing of income tax returns for the year 2024.
