National Tax Number Registration (NTN) in Pakistan

NTN Registration

What is the National Tax Number (NTN)? 

Taxpayer Registration means obtaining a National Tax Number (NTN) from the Federal Board of Revenue.

National Tax Number (NTN) is required for the completion of many important states affairs for example Sales Tax, Income Tax, and Federal Excise objective and for the Export and Import of goods.

Who needs the National Tax Number (NTN)?

There are several reasons for getting National Tax Number for example:

-To carry out the most important state operations, all citizens that fall under taxable income have to obtain a National Tax Number and File a Return of Income.

-If anyone falls in the taxable slabs as made by the government, then those individuals have to obtain their National Tax number and deposit tax to the government treasury.

-The income taxpayers can become a member of the chamber of commerce and Industry because only registered members can avail the advantage of the chamber of commerce and Industry, You can also avail the facility of the Tax refund.

Also Manufacturers can import raw material on lower tax slabs. Moreover Exporters require Sales Tax and NTN registration to make their shipment. 

Do freelancers need to pay tax in Pakistan?

If your annual Income falls within the annual taxable income as govern by Income Tax Ordinance, 2001 then you will have to pay tax, for Income from other sources.

What documents do I need for the National Tax Number (NTN)? 

Copy of CNIC, letterhead, electricity bill, property documents or rent agreement and bank account details etc.

Is there any penalty for not getting a National Tax Number (NTN)?

Any person who fails to display his National tax Number (NTN) during their business deals as required under this Ordinance. Such person shall pay a penalty of Rs.5000/- (Five thousand rupees)

Do you want to enroll for a National Tax Number?

We will assist you in obtaining your National Tax Number Registration (NTN). Feel free to contact us.

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