WHY NTN REGISTRATION IS IMPORTANT
You must pay taxes if you earn money in Pakistan or run a business.
In order to become a legal taxpayer or to register your business, National Tax Number (NTN) registration is the first step you need to take. The Federal Board of Revenue has made it compulsory for every salaried person and or business person at the end of the year. Hence Registration in the Federal Board of Revenue (FBR) is a must step to do.
If you are liable to pay taxes for income tax, property tax, or sale tax in Pakistan you must have a legal and authorized National tax number (NTN). In order to verify and become an active tax filer. Being an active Tax you can avail yourself of multiple tax benefits. Some of them are listed below.
- You have to pay Half taxes on everything like vehicle tax, bank transactions, property transactions as compared to non-tax filers.
- You can avail Tax exemptions as announced by PM Imran Khan for IT & ITES companies that are registered from Pakistan Expert Software Board (PSEB).
- To get easily Registered in Pakistan Software Board (PSEB), NTN is the first legal document you need to avail of complete tax benefits.
- Freelancers who are active tax filers can also avail of complete tax exemption as per the latest package announced by PM. NTN Registration is also a good step for freelancers.
- Business NTN can help you have Bank Account with Business Name
Thus Paying taxes and becoming an active tax filer has their own perks & to avail of complete tax exemption, we suggest you register your NTN as soon as possible.
How WaysTax Can Help You In PSEB Registration?
For the easiest and hassle-free Registration, WaysTax can also help you. WaysTax also provides freelancers registrations in PSEB. We can also help you with NTN & tax filings, all you have to do is give us the required documents and necessary information. And enjoy a stress-free filing experience with us.
About WaysTax Pakistan’s Leading Tax Consulting Agency with Prominent clientele. Catering everybody from individuals and startups to Companies and Freelancers for Tax & Company registrations.
