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How non-resident Pakistani files Income Tax Return in Pakistan

If you are here to read this article, then there are two certain things, one is that you are Pakistani and second, you are living abroad.

If you are searching for a solution for how to file income tax returns in Pakistan then you should stop here as I am going to answer each and every question that might pop up in your mind and you would want to know.

So here are some common questions and their quick answers.

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Summary on Finance Acts, 2018

This document contains amendments made in relevant laws through Finance Bill 2018 (i.e. Tax year starting from 1 July 2018 to 30 June 2019) in Income Tax, Sales Tax,  FED and Customs law.

We at Sharjeel Ayub & Co (Sayub) made an effort to present above mentioned amendments in simplest possible form so that readers get an understanding for proper tax planning.

The document can be used as handy tax rates guide that are applicable for the Tax year 2019.

Sayub comments contained in the documents represent our views / interpretations of the amendments therefore should not be taken conclusive on legal ground without our prior advice.

We sincerely believe that this document is simple and as precise as possible nevertheless, you may ask for further details by contacting us.

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Please explore our website www.sayub.com for interactive guidance on Tax matters.

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Income tax return for tax year 2018; late filers would be treated as non-filers for the whole year

Income tax return filing for tax year just ended i.e. 30 June 2018 has greater significance as compared to previous years. In addition to penalties imposed by FBR for late filing of return, a person filing his /her return for tax year 2018 would not be included in ACTIVE FILERS’ list as published by FBR.

Late filing of returns would not get your name on ACTIVE FILERS’ LIST –FBR hence late filer would be treated as non-filers for the whole year

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tax time

Government is going to punish Non-filers much harder this Time

Budget 2018 (Finance Act, 2018 Approved) had some good news as well not so good news sandwiched secretly for example lowest income tax rates in the history announced and implemented for Individual taxpayers(Salaried as well as Business Individuals), removal of law for automatic selection for tax audit if return is late filed.

However some really harsh steps were taken one of which is ‘If a person failed to file his/her Income Tax return within due dates then he will remain non-filer for the whole year even if he file it one day after the due date’              

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Non-resident Pakistani to File Return of Income or Not

All Non-resident Pakistanis out there must have encountered one question in their mind, that why we should file our income tax return in Pakistan as we are not there in Pakistan so it should not be obligatory on us to file return.

Despite of above, some if not all of us faced a situation where your banker deducts withholding tax all the transactions for withdrawal whether it’s in cash or through cheques.

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Registration for non-residents companies

Since the launch of FBR IRIS registration module there has been a problem of registering non-resident taxpayers.

FBR on 12th May 2016 proposed amendment in rule 80B of the Income Tax Rules, 2002. Where by clause q of sub rule 2 of rule 80B of the same rules is PROPOSED to be deleted.

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