COMPLETING INCOME TAX RETURN

To complete online Income Tax Return a person must complete the Return of Income form and Wealth Statement (statement of assets & liabilities) form.

To facilitate the taxpayers, video tutorials on Income Tax Return filing are provided. Furthermore,  Knowledge Base portal provides step by step written and video guides on filing Income Tax Return and Wealth Statement.

Successful submission of Income Tax Return and Wealth Statement in Iris is confirmed when both the forms have moved from the Draft folder to Completed Task.

RECONCILIATION OF WEALTH STATEMENT

Wealth Statement will only be successfully submitted, once current year’s wealth has increased/decreased from previous year’s wealth by the same amount as your income has exceeded/fallen short of your expenses. Failure to reconcile wealth statement won’t allow you to submit your Income Tax Return.

SALARIED PERSON – INCOME TAX RETURN

To facilitate salaried person in filing their Income Tax Return, Declaration form 114(I) has been provided. Salaried person would need to complete the Declaration form 114(I) in order to successfully submit their Income Tax Return.

Persons who are deriving income only from salary and other sources, where salary is more than 50% of Income can avail this form.

How to Become filer in Pakistan

What is FBR Pakistan?

FBR stands for the Federal Board of Revenue, which is the tax authority of the Government of Pakistan. The FBR is responsible for the administration and collection of federal taxes in Pakistan, including income tax, sales tax, customs duty, and federal excise duty.

What is a tax Filer ?

In the context of FBR, “Filer” refers to a person or entity who is registered with the Federal Board of Revenue (FBR) in Pakistan and is required to file tax returns and comply with other tax-related obligations under the tax laws of Pakistan.

Filers are classified into two categories:

1. Active Taxpayer: An Active Taxpayer is a filer who has filed a tax return for the previous tax year and has paid all the taxes due.
2. Non-Active Taxpayer: A Non-Active Taxpayer is a filer who has either not filed a tax return or has filed a tax return but has not paid all the taxes due.

Why to Become Filer

Becoming a filer in Pakistan is an important step towards ensuring compliance with tax laws and regulations. A filer is a taxpayer who has registered with the Federal Board of Revenue (FBR) and files an income tax return. Filing a tax return not only fulfill your civic responsibility but also has various benefits, such as the ability to apply for a loan, visa, or trade license. If you’re looking to become a filer in Pakistan, our filer registration service can help you navigate the process and ensure compliance with tax laws.