Business Income Tax Return File Documents (2025)

It can be intimidating to file your business income tax return in Pakistan, but it goes lot more smoothly if you have all of your paperwork organised. Here is a brief summary of the essential paperwork and data that firms should normally collect for the 2025 tax year:

Essential Financial Documents:

• Account for Profit and Loss: This is really important! It gives an overview of the income, expenses, and costs incurred by your company over the accounting period, resulting in your net profit or loss.
• Bank Statements: All bank accounts associated with your firm for the full tax year (July 1st, 2024 to June 30th, 2025) Balance Sheet: A summary of your company’s financial health at a certain moment of time, outlining assets, liabilities, and owner’s equity. This aids in confirming earnings, outlays, and cash withdrawals.
• Sales/Revenue Records: Sales registers, invoices, or any other paperwork proving your overall sales or company earnings.
• Expense Records: Receipts, invoices, and other documentation for any costs associated with the business (such as rent, salary, operational costs, and utility bills for the business location).
• Fixed Assets Register: A comprehensive record of all the company’s fixed assets, including the purchase price, date of acquisition, and claimed depreciation.

Documents Concerning Taxes:

• National Tax Number (NTN): The special tax identification number of your company.
• Withholding Tax Certificates: Documents attesting to any taxes withheld at the source by your customers or clients on payments made to your company. In order to claim credits, this is essential.
  If your business is also registered for sales tax, you will need records of sales tax collected and paid.
• Previous Year’s Tax Return and Assessment Order: Helpful for reference and reconciliation.
• Advance Tax Paid Challans: Evidence of any advance tax paid during the year.

Additional Vital Information:

• Details of Business Assets: Detailed information on all business assets as of June 30th, 2025. Business Registration Documents: Partnership deed (for AOPs), incorporation certificate (for firms), or other pertinent registration documents.
  A summary of your personal assets and liabilities is required for the wealth statement if you are filing as an Association of Persons (AOP) or sole proprietor.
• Details of Loans/Liabilities: Any loans that the business took out or provided during the year.
• Utility Bills: Business-related utility bills (phone, gas, and electricity), especially if they are filed under the name of the company or the individual.

Important Note: IRIS (https://iris.fbr.gov.pk/) is the main online site used by the Federal Board of Revenue FBR (https://fbr.gov.pk/) to file tax returns. Make sure you have access to your IRIS account and that your registration information is current.

To guarantee proper and timely filing for your particular business structure and income sources, it is always important to speak with a tax expert or make use of the FBR’s resources (such as their knowledge base and video courses). Companies have varying deadlines, while individuals and AOPs generally have until September 30th.