Who is a Filer in FBR Pakistan?
In FBR Pakistan, a filer is a taxpayer who has filed their tax return and is registered with the FBR. A filer is considered a tax-compliant citizen and is entitled to certain benefits, such as a lower tax rate on their income, exemption from withholding tax on certain transactions, and eligibility for tax refunds. Filing a tax return is an annual requirement, and failing to file a tax return can result in penalties and legal action by the FBR.
Advantages Of being filer?
Lower tax rates: Filing your tax return and becoming a filer can result in lower tax rates on your income. Filer taxpayers are entitled to a reduced tax rate compared to non-filer taxpayers.
Exemption from withholding tax: Filer taxpayers are exempt from withholding tax on certain transactions, such as the purchase of a new vehicle or property.
Eligibility for tax refunds: Filer taxpayers are eligible for tax refunds in case they have paid more tax than their actual tax liability. Non-filer taxpayers do not have this benefit.
Priority in government tenders: Filer taxpayers are given priority in government tenders and contracts, providing a competitive advantage in the business world.
Avoidance of penalties: Filer taxpayers are considered tax-compliant citizens and are less likely to face penalties and legal action by the tax authorities.
Disadvantages of being non filer:
Non-filer taxpayers in Pakistan are individuals or businesses that have not filed their income tax return with the Federal Board of Revenue (FBR). As per the Income Tax Ordinance, 2001, non-filers are subject to higher tax rates on their income, as compared to filers.
For example, non-filer taxpayers in Pakistan are subject to a higher withholding tax rate on their banking transactions, property transactions, and other taxable transactions. Additionally, non-filer taxpayers are not eligible for certain tax exemptions, tax refunds, or other tax benefits available to filers.
It is important to note that non-filers who are liable to pay taxes are required by law to file their tax return annually. Failing to file a tax return can result in penalties, legal action, and blacklisting by the tax authorities.
Therefore, it is important for individuals and businesses to comply with the tax laws and file their tax returns on time to maintain their tax compliance status and avoid penalties and legal action.
Filer Registration Process:
To register as a filer online in Pakistan, you can follow the below steps:
Visit the Federal Board of Revenue (FBR) web portal and click on "Registration for Unregistered Person/Filer" under the "e-Registration" tab.
Provide your National Tax Number (NTN), business details, and contact information, including email and mobile number.
Upload the required documents, such as a scanned copy of your CNIC, NTN certificate, bank account details, and other relevant documents.
Choose your tax type and submit your registration application.
After submitting the application, you will receive an email from the FBR with your registration details and login credentials.
You can then log in to the FBR web portal using your login credentials and file your tax return online to maintain your filer status.
It is important to note that to become a filer, you need to file your tax return annually and maintain your tax compliance status. Failure to file a tax return or comply with the tax laws can result in penalties, legal action, and blacklisting by the FBR.
Become Filer, save Tax and Money
Filers can save money in several ways compared to non-filers in Pakistan. Here are some of the ways:
Lower tax rates: Filers in Pakistan are entitled to a lower tax rate on their income, as compared to non-filers. This means that filers can save money on their tax liabilities, reducing their overall tax burden.
Exemption from withholding tax: Filers are exempt from withholding tax on certain transactions, such as the purchase of a new vehicle or property. Non-filers, on the other hand, are subject to higher withholding tax rates on these transactions, which can add to their expenses.
Tax refunds: Filers are eligible for tax refunds in case they have paid more tax than their actual tax liability. Non-filers do not have this benefit, and any excess tax paid is forfeited.
Business advantages: Filer taxpayers are given priority in government tenders and contracts, providing a competitive advantage in the business world. Implementing this strategy can lead to an increase in business opportunities and profits.
Avoidance of penalties: Filer taxpayers are considered tax-compliant citizens and are less likely to face penalties and legal action by the tax authorities. Non-filers, on the other hand, may face penalties and legal action for non-compliance, which can result in additional expenses.
Searching For Online Filer Registration?
✔ We Provide Services Of Filer Registration in FBR Pakistan
Just Click the Call us Button to Become Filer
<<----------------->>
Read Our Other Blogs
0 Comments