Umair A R Mughal 
You’ve paid for the vehicle and filled out the form. The Excise officer will run your CNIC, and you’ll be charged 3x more tax on the challan. No changes to your vehicle have been made, but your status changes to the FBR’s Active Taxpayer List. FBR Vehicle Tax Rates for Filers & Non-Filers (2027 Tax … Read more
You’ve submitted your return. A week or so goes past and when you SMS your CNIC to 9966, you still get a response stating that you’re not on the Active Taxpayer List. Most people who are late payers will find they just need to pay the ATL Surcharge. Filing without paying the correct Atl Surcharge … Read more
Two founders shake hands to start their business. They decided not to go down the private limited route due to the hassle of registering with SECP, auditing, and fees. This gives you a simpler choice. However, troubles can occur later when you require an NTN from your bank, a registered firm from your client or … Read more
The email you receive from Iris will reference your tax year (3/4 years ago) and reference Section 122(5A). Most taxpayers read the email twice and think the worst. The warning is understandable but it is not a tax demand. However, what you include in your response will determine whether it does. This article will help … Read more
After you have spent your hard-earned cash on your new car and arrive at the Excise desk, they will look up your CNIC and tell you the tax you need to pay is much higher than what your dealer said! Most people will know that non-filers cost double, however when registering a new car the … Read more
When you’ve made arrangements and paid your taxes, someone at the Registry will look up your CNIC and see you’re not on the Active Taxpayer List, so suddenly you’re paying millions more in tax. This is very common in Pakistan and many people will think they can pay the tax rate as per last year … Read more
The Registrar of Companies (SECP) recently declared 39,704 companies inactive. It’s not fraud. They haven’t filed annual returns for four years. Most of these directors undoubtedly didn’t plan to fall into non-compliance, but the deadlines mounted. Below is the list of SECP compliance requirements for private limited companies so you don’t end up on this … Read more
Large purchasers will require your STRN; without it, you’ll lose out. Most businesses learn about Sales Tax Registration only when they need to provide their STRN to a large buyer. With online Sales Tax Registration, you will have strict deadlines to meet from the FBR. Commercial Importance of Sales Tax Registration (STRN) A Sales Tax … Read more
You’ve just received your first payment from Upwork, and your bank has taken a portion. This is tax. How much you lose is dependent on the documentation you have. Here is where you can start with Freelancer NTN Registration. It’s free! You can do it on your mobile phone. 1. Income Tax Advantages for Freelancers … Read more
The deadline for Tax Year 2026 has passed (October 31). You are now in the realm of late returns, and the longer you wait, the more expensive it becomes. However, 1. Still able to file late returns through the FBR Iris Portal You can still file your return late through the Iris 2.0 system. The … Read more
