How to become a filer?

The government is continually striving to make tax paying easier for the citizens. For this reason, they introduced several reforms by which you can simply become a filer. We will describe the improvements below. Also, we will outline the advantages and uses.

What is tax?

It is obligatory on all citizens. The tax adds to the revenue of the country. Next, the wealth is utilized to make betterments in the country’s infrastructure, resources, education, industries, etc. 

Before reading further, it is considered to have a proper understanding of taxation. 

How do we pay taxes?

As mentioned above, tax is essential for all individuals. Thus, a citizen pays taxes in the form of income tax, property tax, sales tax, excise tax, gift taxes, and estate taxes. 

How the government uses our taxes?

The government uses taxes to facilitate us. Hence, they aid us in defense and security. To emphasize, it is the major of the spending of government. Moreover, it is a significant part of the country. 

Secondly, the major part of our taxes contributes to social security. We regard this as an essential of the budget. Other than that, the budget is spend amongst the health programs and educational programs. Next, the most important category is infrastructure. So, this is how they make use of our obligations for our ease.

Therefore, you may have realized that the contribution of all nationals is meaningful for the well-being of the country.

Who is a tax filer?

An individual who pays consistent taxes will become a filer. Also, FBR will list him in the active taxpayer list. Besides, the government keeps track of the non-filers and filers with the help of this list. So, it would be easy for them to determine the imposition of taxes on each person. 

Illiteracy is prevalent amongst the Pakistanis. In fact, there is not a proper platform for the guidance of the residents. Therefore, our team is agreeing on the terms that we will provide complete knowledge to the people. 

Why should we become a filer?

On the other hand, this question is popular amongst many Pakistanis. Also, it makes sense because people want their money to be secure and advantageous. Hence, validation is essential. So, we want to make sure that the people are satisfied with the amendment. You must be wondering that why should I become a filer, so we have sorted out this for you. Besides, when you pay taxes, it also provides benefits to the country. So, there are several benefits of becoming a filer to the country, too.

Related: Why should I become a filer in Pakistan?  | How becoming a filer would advantage your country?

However, the principal advantage of becoming a filer is that your taxes will be lower as compared to a non-filer. In other words, it saves you extra money. Means, if you are a non-filer, then you are paying more taxes.

Steps to become a tax filer in Pakistan

Step 1: First of all, you have to match the criteria of FBR. It is essential to become a filer in Pakistan. For that purpose, your annual income should exceed 400,000/- PKR. In this case, you are eligible to become a tax filer. But, it is highly preferable to become a tax filer. So, your income will be transparent to the government, and there would be no suspects. Also, it will save you money.

Next, you will have to do FBR registration. You can do it online and manually. Additionally, you will have to provide some documents. Make sure that you do it with alertness as it is one time.

Requirements for FBR registration?

• NTN number
• Registered phone number
• CNIC

You will provide the requirements in the form. The forms are available online and manually both. 

After providing the accurate details, FBR will notify you about the approval or cancellation. The cancellation would happen in only two cases, either you provide false information, or there must be a government issue.

Moreover, if you need further consultation regarding becoming a filer, you can contact our experts now. They will provide you a complete guide on how to become a tax filer. Also, for some reason, if your form is disapproved, our team will assist you. 

How Spectrum Consultancy will help you in becoming a filer?

Many people who are busy in their day to day life will need assistance from an expert. So, spectrum consultancy is here to guide at each step of this process.

Documents preparation: To become a filer, there are some requirements of FBR. For instance, many people in Pakistan don’t have an NTN. So, we will help you in making one.

Form submission: Other than preparing documents, we will also help you in submitting the form at the FBR office. While presenting the form, the person has to make sure that there are no blunders. As we can fill the form only once, so we should not overlook this point. Therefore, you must require the guidance of an experienced person. Thus, spectrum consultancy will help you in this stage, too.

Status update: After filling the form, the next step is to wait for the approval. So, we understand that you can not go to their office from time to time for confirmation. Therefore, with the help of our resources and staff, we will keep you updated regarding the approval.

Filing compliance: After being an active taxpayer, the next essential step is to file the returns annually. We will do that for you. 

For this, you have to submit your returns along with your wealth statement, and you will become a filer. First, you should provide details of your income. A salaried person has to give particulars of his tax reductions. Similarly, a businessman has to provide his details regarding the profit from his sales, etc. 

With details of the income, you have to give shreds of evidence of the tax deductions to become a filer. For instance, the withholding taxes, utility bills, property sale, and purchase, and vehicle purchases taxes. If you report these taxes, you will be benefited. Afterward, we will make a total of the deductions. 

Next, you have to state your assets like car, house, etc. Also, include your personal expenses such as traveling, shopping, etc. 

Then, we will collect all the deductions and your income. Finally, you will become a filer. 

All individuals should become filer now to contribute to the future of Pakistan. Our country needs it. We should not delay it when we can do it easily now. You can become a filer now! And if there is anything you couldn’t understand, we will help you.