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.
Once the proposed amendment is approved, registration or incorporation from concerned country in case of non- resident company or AOP shall not be not required.
Also following additional information shall be required
Nonresident company having Permanent establishment in Pakistan
A non-resident company having permanent establishment in Pakistan, required to be registered under sub rules (3) and (6) of rule 80, shall provide:
- Name of company
- Business address
- Accounting period
- Phone no. of business
- Principal business activity
- Address of principal place of business
- Registration number and date of the branch with the Securities and Exchange Commission of Pakistan (SECP)
- Name and address of principal officer or authorized representative of the company
- Authority letter for appointment of principal officer or authorized representative of the company
- Cell phone of principal officer or authorized representative of the company; and
- Email address of principal officer or authorized representative of the company.
Nonresident company NOT having Permanent establishment in Pakistan
A non-resident company having permanent establishment in Pakistan, required to be registered under sub rules (3) and (6) of rule 80, shall provide:
- Name of company
- Business address in the foreign country
- Name and nationality of directors or trustees of the company
- Accounting period
- Name and address of authorized representative of the company
- Authority letter for appointment of authorized representative of the company
- Cell phone of authorized representative of the company
- Email address of authorized representative of the company
- Principal business activity
- Tax registration or incorporation document from concerned regulatory authorities of the foreign country.