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The benefit of the NTN registration(National Tax Number) Please understand this blog and give your feedback to Spectrum consultancy.
The advantage of the NTN (National Tax Number) registration
Whoever gives the income to the Government, he/she has to register himself/herself with the FBR (Federal Board of Revenue) also get the National Tax Number (NTN). A person having NTN registration has the following advantages:
- While any personality gets the NTN registration, he/she become the assessee further have to file the annual Income Tax Return before the Income Tax Department.
- If the NTN holder is a businessman, his business grows more approving and he/she can get many business benefits and NTN registration gives strength to the business.
- The NTN holder can become members of the many good clubs and get many benefits from the different clubs.
- The NTN registration holder also income tax Payer can get multiple advantages from the Government concerning his business and individual too.
- The income taxpayer can get Government contracts and can engage in the auctions and make contacts with the government of the country.
- The income taxpayer can become a member of the chamber of commerce and Industry and avail the privilege of the chamber of commerce and Industry..
- The income taxpayer can make contracts and assignment with the foreign companies and firms, he can get agencies and foreign company liaison office.
- The people have full faith over the NTN registration holder business and favor to do a partnership with that person or company.
- It is the symbol of patriotism that the NTN registration holder is a true person and loyal with the country and indeed pays the tax to the Government.
- The income taxpayer is preferred for the visa of the abroad.
- On the international level, the income taxpayer is recognized as noble, honest and sincere of the country and in any case, he is given relaxation and considered in positive.
- The government and the other person acknowledge the income tax payer respectful and honest who reveal his assets honestly and pay the tax quickly and honestly.
- If the income tax payer gets public designation or converts Govt. servant, nobody can object and no once file disqualification on this ground.
The benefit of the NTN registration(National Tax Number) Please understand this blog and give your feedback to Spectrum consultancy