NTN (National Tax Number) registration is a mandatory process in Pakistan for individuals and businesses to comply with tax laws. It allows taxpayers to file tax returns, access tax exemptions, and participate in formal business activities. Obtaining an NTN ensures transparency and accountability in financial transactions.
An income tax return is a formal document filed with tax authorities, detailing an individual’s or business’s income, expenses, and taxes owed. It helps calculate the correct amount of tax payable or refunds due. Filing an income tax return is a legal requirement for taxpayers to ensure compliance with tax laws.
An import/export license is a government-issued permit allowing businesses to engage in the international trade of goods. It ensures compliance with local laws and international trade regulations. Obtaining this license is essential for companies to legally import or export products across borders.
Business registration is the legal process of officially establishing a company with the relevant government authorities. It provides the business with a unique identity, allowing it to operate legally, access funding, and enter into contracts. Registration also ensures compliance with local laws and tax obligations.
Annual tax return filing in Pakistan is the process where individuals and businesses report their yearly income, expenses, and taxes owed to the Federal Board of Revenue (FBR). It helps determine the tax liability or refund due based on income earned during the year. Filing on time ensures compliance with tax laws and avoids penalties.
GST (Goods and Services Tax) registration in Pakistan is required for businesses that exceed a certain turnover threshold or engage in taxable goods and services. It enables businesses to collect and remit GST to the government, ensuring compliance with tax laws. GST registration also allows businesses to claim input tax credits on purchases.