Required Documents:
- National Identity Card Copy (Front & Back)
- Mobile Number
- Email ID
- Bank Statements (2 Tax Years)
- Business Gross Revenues and Net profit and other details of sale purchase, etc.
- Asset details car bike or property (Car & Bike number, Model, Price & For Property Address, Marla)
- Fixed Bank Deposits (if any)
- Gold
- Cash in Hand
- Loan (Borrowed / Owed)
When a business person becomes a filer in Pakistan, they unlock several advantages:
Lower Tax Rates
Filers benefit from reduced tax rates compared to non-filers.
Better Business Opportunities
Many companies prefer to do business with other compliant entities.
Legal Protection
Filing taxes regularly provides legal protection and minimizes the risk of penalties or fines.
Access to Financial Services
Banks and financial institutions favor filers when offering loans, credit lines, and other services.
Government Tenders
Many government contracts and tenders require businesses to be tax-compliant, so being a filer is a must.
Refunds and Adjustments
If you overpay your taxes, you can claim refunds or adjustments, which is not possible for non-filers.
Exemption from Withholding Taxes
Many financial transactions, like bank withdrawals or property transfers, come with reduced or exempt withholding tax rates.