Another chance to become filer.

The Federal Board of Revenue (FBR) has extended the date for submission of Income Tax Return for the year 2018.  It is very important to note that FBR has also announced that in order to be in the filer List, taxpayer has to submit their Income Tax Return within due date. Submitting your income tax return after the specified due date would not include you in the Filer list. Previously the due date for submission was 17 December 2018. But Govt. of Pakistan had decided to give some time to taxpayer who filed late or were unable to file their annual return and extended the due date to 31st March 2019. Now the FBR has decided to further extend the due date till 30th April 2019.

You may access circular from FBR website Click here for Circular extending due date of Income Tax Returns Click here

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Become filer in four simple steps

After the Govt. of Pakistan decided to extend the due date for submission of Income Tax return till 31st March 2019, the Federal Board of revenue has announced to further extend the due date till 30th April 2019. So this is the best time for new filers to get on board. Here are some simple four steps through which you can get yourself in the filer list.

  1. Get your National Tax Number. You need to provide your CNIC number, your Cell number (Active in Pakistan) and your email address.
  2. Based on your income i.e. Salary or business we can file your Income Tax Return.
  3. Based on the information you provide, we can prepare your Wealth statement.
  4. You will become filer within 12 Business hours.

Good News for Non-resident Pakistanis

The Federal Board of Revenue has decided to extend the due date for submission of income tax return till 30th June 2019. This is a big opportunity for all the Pakistanis residing abroad and are non-resident for tax purpose in Pakistan. After the initiative taken by the current government regarding filers that whoever filed the Income Tax return for the year 2018 in due date will be added to Active Taxpayer filer list, this has impacted hugely to those Pakistani who are Non-resident (still non-filer) and because of some strict initiatives taken by the Government for non-filers. So, worry no more, and become filer before 30th April 2019 and enjoy the benefits as a filer provided by the Govt. of Pakistan. Some key comparison between being filer Vs being non-filer

Filer                                                                                                          Non-Filer

Tax on Cash withdrawal over Rs.50,000 NO Tax on Cash withdrawal over Rs.50,000 YES
Tax on Transfer of funds over Rs.25,000 NO Tax on Transfer of funds over Rs.25,000 YES
Purchase of Car over 1300 cc Possible YES Purchase of Car over 1300 cc Possible NO
Purchase of Property over Rs.40 million possible YES Purchase of Property over Rs.40 million possible NO

The Pros and Cons for filer and non-filer list is longer than you think. So, don’t waste time and become filer in four simple Steps.