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Pakistan has one of the lowest tax-to-GDP ratios in the world. For the uninitiated, tax-
to-GDP ratios are used to assess a country’s development year after year. They say the
higher the Gross Domestic Product (GDP) of the country, the higher the amount of tax
revenues a government can earn for the same since the value of goods and services it
exports have increased.
With those boring numbers and information out of the way, here’s why people who
are employed/salaried should care about ling their income tax returns now more
than ever. You must have heard about the bank transactions being taxed more for
non- lers .
As it turns out, even real-time interbank transfers are charged a new withholding tax
(WHT) under section 236P of the Income Tax Ordinance 2001 for non- lers. All
banking transactions will be taxed at 0.3 percent WHT unless they le their income
tax returns by Nov 30th 2016. You also get charged more when buying cars or other
property. And if your WHT amount is greater than your applicable taxes, ling is the
only method which can help you get a refund, generally in thousands or rupees for
the average person.
Moreover, if you le tax returns then chances are you could get better than usual
services at airports, excise of ces and various other bene ts that are not available to
non- lers.
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And this is where this simpli ed guide comes in. It will explain how to le tax returns
online hassle-free. No longer will you need to hire the services of a lawyer or tax
consultant to do it for you.
And since the process of registration is all online, you really don’t have the ‘aint
nobody got time for that’ excuse to play (unless you don’t happen to have a CNIC yet,
in which case you need to visit the NADRA of ce near you).
Before ling tax returns online via FBR’s portal, you will need to calculate your tax
rates for the year 2015 accordingly based under which income slab you fall in.
1. You’ll have to get your Registration Number and password rst via FBR’s e-
Enrollment process. To do that, click here to get to the main page of Iris, FBR’s
simpli ed ERP system for tax payer registration.
2. You’ll need to go to ‘ Registration for Unregistered Person ’ if you’re a rst time
user. Provide the information required.You’ll be sent a con rmation input to
validate your account (usually an email and/or SMS). You’ll be sent
password/PIN to login with your account. Sometimes this process might take a
few days for security reasons.
3. Once you’re registered successfully and have logged in by entering your
Registration No. and password on the main page of Iris, you can now le your
wealth statement.
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4. For salaried persons, you will have to ll wealth statement and income tax
returns. The procedure for lling out your details for wealth statement income
tax returns are present here .
5. More detailed help can be found here , concerning FAQs, Registration, Income
Tax Returns and more.
08:24
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ProRETM
from propakistani
06:17
Things to note:
If the idea is to enhance and broaden the tax base here, reforms in the taxation sector
are necessary. There’s still room for improvement to simplify the tax ling process for
citizens and rms alike.
It’s a fair assumption to make that there are many Pakistanis who want to contribute
to the well being of the nation and pay their taxes duly, if only it wasn’t so
complicated to le your tax returns in the rst place.
The government for their part needs to reform the tax machinery in order to facilitate
law-abiding citizens of this country. We hope FBR continues to streamline the process
of how to le tax returns easily in the near future.
Samir Yawar
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Samir heads the sponsored content Shares
department at ProPakistani. He also
looks after the Life section.
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RT • 3 years ago
"It’s a fair assumption to make that there are many Pakistanis who
want to
contribute to the well being of the nation and pay their taxes duly, if
only it wasn’t so complicated to file your tax returns in the first
place."
my thoughts exactly. I should be able to file tax return right from my
PC or smartphone to avoid khuvari and kutto vali in govt offices.
and it should be very easy and simple to follow.
5△ ▽ • Reply • Share ›
Sheikh Muhammad Ali Adv. > RT
• 3 years ago
yes, dekhen as per quantum of ur
business..there may be complications while
filing ur return.
As nobody knows each and everything of
every field so it can be learned by giving time
to it...
but if some of our brother blame us that
lawyers and tax practitioner wants to get in
every person then this is their business so
every professional wants to enhance it....
if anybody dont like it, they should not
bother...
1△ ▽ • Reply • Share ›
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> Ahmad Awais PRICES CAREERS ABOUT CONTACT US
• 3 years ago
A d i thi d d i (f il d
And you are wrong in everything you do, design (failed
Pakistani redesign) and say:P
△ ▽ • Reply • Share ›
You will only file ur return but will not pay any tax if ur
transactions are made by bank.
You will be exempted from tax under FTR.
1△ ▽ • Reply • Share ›
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