{"id":63294,"date":"2022-09-22T09:30:00","date_gmt":"2022-09-22T09:30:00","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=63294"},"modified":"2022-09-22T11:02:31","modified_gmt":"2022-09-22T11:02:31","slug":"benefits-being-tax-filer-pakistan","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/blog\/benefits-being-tax-filer-pakistan.html","title":{"rendered":"Top Reasons Why You Should Be on FBR\u2019s Active Taxpayers List"},"content":{"rendered":"\n

IMPORTANT UPDATE: <\/strong>Before we get started with our piece, we would like to let you know that the deadline for filing your income tax return is September 30, 2022, which is just a few days away. You can also file your income tax return online<\/a> in a few steps by accessing FBR\u2019s IRIS portal.<\/p>\n\n\n\n

Now, let\u2019s get the ball rolling!<\/p>\n\n\n\n

A large chunk of our country\u2019s population is based on salaried employees and entrepreneurs. Despite being home to millions of working and business professionals, the country\u2019s tax-to-GDP ratio is alarmingly low. So, why do all these people not pay taxes? Well, the biggest reason behind the phenomenon of the tax gap is a lack of awareness. There are numerous benefits of being a tax filer that most of these self-employed and salaried individuals in Pakistan don\u2019t know about. <\/p>\n\n\n\n

Funds collected from the taxpayers in Pakistan are also one of the biggest sources of income for the state\u2019s economy. Furthermore, it is the rightful duty of every Pakistani citizen to pay taxes levied on their assets. Serious efforts like penalising non-filers of tax returns and provision of benefits to the tax filers in Pakistan are being taken by the government of Pakistan and the Federal Board of Revenue (FBR) to bring more and more people into the tax net. <\/p>\n\n\n\n

After making filing of tax returns for salaried and business individuals mandatory, FBR Pakistan has started sending letters to people in which they have been directed to register for the National Tax Number and get their names included in the Active Taxpayers List (ATL).<\/p>\n\n\n\n

After making filing of tax returns for salaried and business individuals mandatory, FBR Pakistan has started sending letters to people in which they have been directed to register for National Tax Number and get their names included in Active Taxpayers List (ATL).<\/p>\n\n\n\n

Who Should File Tax Returns?<\/h2>\n\n\n\n
\"Efforts
Serious efforts have been undertaken by the taxation authorities to bring more and more people into the tax net<\/figcaption><\/figure>\n\n\n\n

In light of Pakistan\u2019s Tax Law, all individuals having an annual income of PKR 600,000 or above are supposed to file their tax returns on an annual basis. National Tax Number, which is more commonly known as NTN, is a special number allotted by the government of Pakistan to every taxpayer. This is how the Federal Board of Revenue (FBR) put you on the list of Active Taxpayers List.<\/p>\n\n\n\n

After getting your name included in ATL, you will get the privilege of paying lower taxes than the non-filers on financial transactions including different types of bank transactions, sale\/purchase of property and vehicle, etc. <\/p>\n\n\n\n

List of Benefits of Being a Tax Filer in Pakistan<\/h2>\n\n\n\n
\"Salaried
Filing tax returns brings with it many benefits for salaried and business individuals <\/figcaption><\/figure>\n\n\n\n

Want to start filing tax returns? Now is the best time to do it as the deadline for this year is also near. Also, taxpayers in Pakistan, by all means, enjoy more relief on taxes compared to non-filers. So, let\u2019s take a look at the list of privileges that every tax filer in Pakistan enjoys.<\/p>\n\n\n\n