Everything you need to know about sales tax

WHAT IS SALES TAX REGISTRATION IN PAKISTAN?

Sales tax registration is one of the essential steps for any person before they start their business or company such as private limited, public limited, etc. Without registration, no businessman can enter into the import and export business. Also, you can not work with governments, semi-government, and multinational companies.

WHO SHOULD GET SALES TAX REGISTRATION?

If you belong to one of these sectors, then you are eligible for the registration.

• Production
• Import
• Services
• Shipping, Wholesale & Local stage.

Sales Tax is appropriate on all regionally produced and imported goods except computer software, poultry feeds, medicines, unprocessed agricultural products of Pakistan and other goods defined in the Sixth Schedule to the Sales Tax Act, 1990.

WHAT IS SALES TAX REGISTRATION NUMBER?

The registration number is allotted by the government of Pakistan to the above-described companies.

It is an indirect tax, which is collected by the manufacturer as a government treasury and is given to the government at the end of the month. No manufacturing company can do export or import without registration.

WHAT IS THE PROCESS?

The registration involves various steps:

Documents:

• CNIC copy of Directors
• Maintenance certificate of bank account
• Electricity bill copy
• Documents of ownership/agreement of rent
• NTN (National Tax Number)
• contact number of all directors
• Company Letter Head (Blank)
• Certified copies of Memorandum of Association and Articles of Association
• Certified copies of Form 29, Form 21
• Company registration certificate
• Email, Mobile No (unused)
• Government letter in approval of one director, allotted by all other directors to approve one director to represent before tax authorities for sales tax registration and to receive User ID, Pin and Password.
• Nature of Business

SUBMISSION OF DOCUMENTS

Then the documents are submitted to the Central Registration Office, FBR, or Sales Tax Collect orate/ RTOs and a registration certificate is issued later to the director.

TRANSFER OF REGISTRATION

In case the registered person wants to change its business activity. He shall apply to RTO(regional tax office) for transferring his registration. The transfer of registration must be filed.

NEED HELP?

If you need any help regarding the registration, you can freely contact us. you can also get benefit from our other services such as NTN individual and NTN business e.t.c.