Lahore: The Federal Board of Revenue (FBR) has released a notice detailing the individuals and corporations liable to file taxes with the government authority by its recently extended December 31 deadline; urging citizens to become active taxpayers, according to news sources.
Salaried individuals can file their taxes through the Iris e-portal of the FBR, both online and through the FBR’s Tax Asaan app. The app and the portal also allow taxpayers to pay their taxes through a number of online payment methods.
In addition, the notification lists all the people who are liable to file their income tax returns, including the following:
All registered taxpayers that have NTN
Anyone charged a tax in the past two years
Persons (salaried, businessmen, and others) with an annual income of PKR 400,000 or higher
All companies whose tax period ends between July 31 and December 31
Owners of land or a flat within municipal limits, cantonment, or Islamabad Capital Territory (500 sq yd or more)
Owner of land (500 sq yd or more) or flat (2,000 sq ft covered area or more) in an urban area
Commercial or industrial electricity connection holders with annual bill of PKR 500,000 or more
Owners of vehicles (1,000 cc or above)
Welfare institutions or Non-profit organisations as defined in section 2 (36) of Income Tax Ordinance.
Member of Chambers of Commerce and Industry, any trade or business association, any market committee or a professional body
Residents with foreign income of USD 10,000 or more, having foreign assets of USD 100,000 or more
