Sales Tax Return Filing Pakistan 2024 Form Download Online Process
If you’re looking to file your Sales Tax Return in Pakistan for 2024, you can download the form and follow the online process through the Federal Board of Revenue (FBR) website. The FBR site provides step-by-step guidance for salaried individuals and companies on how to file and pay their taxes.
Sales Tax Return Filing in Pakistan 2024: Form Download and Online Process
The Government of Pakistan has allocated Rs 3200 billion for tax collection this year. So far, 1% of salaried individuals and companies have completed their tax return filing. To support taxpayers, around 200 centers have been established across the country.
For those with an income between PKR 400,000 to PKR 500,000, it is mandatory to file an income tax return. Similarly, companies must file their sales tax returns. Companies can prepare their own wealth and income tax reconciliation statements to calculate their taxes.
Sales tax is primarily for companies, firms, and industries that produce goods and services. To calculate the sales tax, companies should compare their income and wealth from the previous year with the current year and file the difference as their sales tax return.
FBR Pakistan Salary Tax Slabs 2024-25
The first step is for companies to complete the e-enrollment process on the FBR website. Once enrolled, they can register for an NTN (National Tax Number). With an NTN, companies can calculate and pay their sales taxes online.
Companies must provide documents like a Salary Certificate, a valid email address, and a bank certificate. The bank certificate verifies that their income and salaries are deposited into a specific bank account. After completing the e-enrollment, companies and salaried individuals should finish their NTN registration and wealth statement within 1 to 2 weeks.
