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Does your income fall into the category of taxable net income? If yes, then do you file your taxes? Do you have an NTN number? If your answer to any of these TWO questions is in the negative, stop everything else and read this!
So the question is, what is an NTN number? National Tax Number (NTN) is a necessity for every individual, whether salaried or self-employed. The NTN is required for filing taxes, hence you need to make sure that you have this number with you. For salaried persons, the NTN can be generated by your employers however, it is not mandatory for them to facilitate their employees.
Being a responsible citizen, it is your responsibility to get this number from the Federal Board of Revenue (FBR) and file your taxes on time, accurately. Here, we walk you through the process of obtaining your personal FBR NTN number.
The whole process is extremely easy and convenient. All you have to do is to visit the FBR website, and complete the below mentioned steps.
The National Tax Number is extremely important for filing your income tax. Being a non-filer, you will have to pay a higher and an increased percentage of withholding tax on banking transactions, property transactions, vehicle purchase and tax.
If your salary falls within the bracket of taxable net income, you must obtain an NTN to become a filer and also, file a tax return. You can do so by following these steps:
FBR has launched an e-portal through which it offers NTN number registration online. So, if you’re looking for answers to questions like how to get NTN number and how to apply for NTN number, this user-friendly IRIS FBR system is the answer.
Follow these steps to obtain your personal National Tax Number.
The above screen will appear when you click on the link. Select ‘Registration for Unregistered Person’ in order to proceed.
If, in case, the form asks to provide a percentage share anywhere, you may fill it by writing ‘100%’. Double check all the information that you provide or else you may land in hot water for providing false information to the FBR.