You’ve got questions.
We’ve got the answers.
How can we help?
Filing taxes is not only a duty of every citizen in Pakistan, but is also a compulsion if you fall under the tax bracket (i.e. if you’re a salaried individual and earn more than 50,000/mo etc.) Additionally, filing taxes can also prove beneficial to you if you’re the owner of or are in process of purchasing any asset. These are just some of the advantages of filing taxes:
- Lower rates of tax deduction at source by banks on both profits and cash withdrawals
- Reduction on withholding tax (tax already deducted from your income and gains) when registering and transferring motor vehicles
- Lower rate of tax on buying and selling of property
- Lower withholding tax rate on capital gains on sale of securities
- Charges for tax on dividend will be lower
- Lower rate of withholding tax on prize bond winnings
- Allows you to claim back overpaid tax that has been withheld
Your employer is only reporting your taxes as a whole based on your income from that specific company. However, income tax not only includes your assets and your total annual wealth but also your outflows i.e. where you spend your income. These are the areas which your employer does not focus on when reporting your tax to the FBR. Thus, you can only call yourself a filer if you’re actually filing your annual income tax.
You pay taxes throughout the year on multiple occasions i.e. your employer deducts tax at source from your income, while buying/registering any asset in your name, in utility bills etc. However, the tax you pay in these instances does not equate to your income tax being filed, but is infact a part of your annual income tax. This means that when you file your income tax, you INCLUDE the tax you have already paid on multiple occasions to avoid double taxation. Thus, a person can be paying taxes but might still not be a filer. Similarly a person might not have to pay taxes and can still be a filer (based on their annual income).
If you’re a salaried individual, you need to provide your bank statement(s) from July 1 st 2018 to June 30th 2019 as well as your salary tax certificate (which you should be able to get from your employer/accounts department). Our representatives may ask your for additional documents based on the facts of your case/ any additional liability that may arise.
Although you can access your mobile phone service provider tax certificates for Ufone and Jazz through their apps, the easiest way is generally calling the helplines on the following numbers:
ATL is published every financial year on the 1st March and is valid up to the last day of February of the next financial year. For example, Active Taxpayer List for Tax year 2017 was published on 1st March 2018 and will be valid till 28th February 2019. Similarly, Active Taxpayer List for Tax year 2018 will be published on 1st March 2019 and will be valid till 28th February 2020.(*copied from FBR’s website*)
Our services are based on minimum dependency on you and maximum work on our end. Since an app requires you to enter information, upload documents and reconcile your wealth yourself, this does not align with our motto.
Feel free to contact us through our website and our representative will get in touch with you. You can also reach us out on 03332733356.