NTN Registration
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Partnership or AOP Registration
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NTN Registration
NTN Registration
NTN (National Tax Number) in Pakistan is a unique identification number issued by the Federal Board of Revenue (FBR) to individuals, companies, and organizations for tax purposes. Here’s what it entails.
Key Points About NTN:
Identification for Tax Purposes: The NTN serves as a unique identifier for taxpayers, allowing them to file tax returns, pay taxes, and engage in financial transactions that require tax compliance.
Who Needs an NTN?
Individuals: Salaried persons, business owners, and professionals who are required to file tax returns.
Companies: All businesses registered under Pakistani law.
Non-Profit Organizations: NGOs and other non-profit entities that engage in financial transactions.
How to Obtain an NTN?
Individuals and businesses can apply for an NTN by registering with the FBR through the IRIS portal. The process involves submitting personal and financial information, after which the FBR issues the NTN.
Uses of NTN:
Filing Tax Returns: Required for filing annual income tax returns.
Opening Bank Accounts: Necessary for opening a business account.
Government Contracts: Often required for bidding on government projects.
Property Transactions: May be needed for buying and selling property.
Imports and Exports: Required for businesses involved in trade.
Importance of NTN:
Legal Compliance: Having an NTN ensures compliance with tax laws and helps avoid penalties for non-payment of taxes.
Financial Transparency: It promotes financial transparency and is often required for financial and legal transactions.
Requirements before Registration
Requirements of e-enrollment for an individual are as follows:
- CNIC/NICOP/Passport number
- Cell phone number in use
- Active e-mail address
- Nationality
- Residential address
- Accounting period
- In case of business income
- business name
- business address
- Principal business activity
- Name and NTN of employer in case of salary income
- Address of property in case of property income
Principal Officer of Company and AOP
- Name of company or AOP
- Business name
- Business address
- Accounting period
- Business phone number
- E-mail address
- Cell phone number of principal officer of the company or AOP
- Principal business activity
- Address of industrial establishment or principal place of business
- Company type, like public limited, private limited, unit trust, trust, NGO, society, small company, modaraba or any other
- Date of registration
- Incorporation certificate by Securities and Exchange Commission of Pakistan (SECP) in case of company
- Registration certificate and partnership deed in case of registered firm
- Partnership deed in case firm is not registered
- Trust deed in case of trust
- Registration certificate in case of society
- Name of representative with his CNIC or NTN
- Following particulars of every director and major shareholder having 10% or more shares in case of company or partners in case of an AOP, namely:-
- Name
- CNIC/NTN/Passport and Share %
Requirements for Registration of Non-Resident Company having permanent establishment in Pakistan shall furnish the following particulars:
- Name of company
- Business address
- Accounting period
- Phone number of business
- Principal business activity
- Address of principal place of business
- Registration number and date of the branch with the Securities and Exchange Commission of Pakistan (SECP)
- Name and address of principal officer or authorized representative of the company
- Authority letter for appointment of principal officer or authorized representative of the company
- Cell phone number of principal officer or authorized representative of the company and
- Email address of principal officer or authorized representative of the company
Non-Resident Company not having permanent establishment in Pakistan shall furnish the following particulars:
- Name of company
- Business address in the foreign country
- Name and nationality of directors or trustees of the company
- Accounting period
- Name and address of authorized representative of the company
- Authority letter for appointment of authorized representative of the company
- Cell phone number of authorized representative of the company
- Email address of authorized representative of the company
- Principal business activity and
- Tax Registration or incorporation document from concerned regulatory authorities of the foreign country
How Taxwork help you
Taxwork is your reliable partner in navigating the complexities of tax registration in Pakistan. Our platform specializes in providing seamless NTN (National Tax Number) services, making it easy for individuals, businesses, and organizations to obtain their unique tax identification number. Whether you’re a salaried person, a business owner, or a non-profit organization, Taxwork ensures a hassle-free process, guiding you through every step to ensure full compliance with the Federal Board of Revenue (FBR) regulations. With Taxwork, managing your tax obligations has never been easier.
- Expert NTN Services: Taxwork offers specialized assistance in obtaining your National Tax Number (NTN) with ease and efficiency.
- Simplified Process: We streamline the entire registration process, making it straightforward for individuals, businesses, and organizations.
- Comprehensive Guidance: Our team provides step-by-step support, ensuring you meet all Federal Board of Revenue (FBR) requirements without hassle.
- Tailored Solutions: Whether you’re a salaried professional, a business owner, or part of a non-profit, Taxwork delivers customized services to fit your specific needs.
- Trusted Partner: Rely on Taxwork for all your NTN-related needs, ensuring full compliance and peace of mind in your financial transactions.
FAQ's
FAQ's
What is an NTN?
NTN stands for National Tax Number, a unique identification number issued by the Federal Board of Revenue (FBR) in Pakistan to individuals, companies, and organizations for tax purposes.
Who needs to obtain an NTN?
Individuals who are salaried or self-employed, businesses, companies, and non-profit organizations in Pakistan are required to obtain an NTN to comply with tax regulations.
How can I apply for an NTN?
You can apply for an NTN by registering on the FBR’s IRIS portal. You’ll need to provide your personal and financial information, and upon submission, the FBR will issue your NTN.
What documents are required to get an NTN?
For individuals, a CNIC (Computerized National Identity Card) is required. For businesses, additional documents like the company registration certificate, business address, and bank account details are needed.
Can I verify my NTN online?
Yes, you can verify your NTN online through the FBR’s official website by entering your CNIC or company registration number in the verification tool.
Is an NTN mandatory for opening a business bank account?
Yes, an NTN is typically required for opening a business bank account in Pakistan as it verifies the business’s tax status.
What are the benefits of having an NTN?
Having an NTN allows you to file tax returns, participate in government tenders, open business bank accounts, engage in legal property transactions, and ensure compliance with tax laws, avoiding penalties.
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