Tax Advisory & Legal Guidance in Lahore Pakistan | Right Tax Advisor

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The action to be taken on an FBR (Federal Board of Revenue) tax demand notice in Pakistan is to submit a formal reply in the FBR IRIS Portal within a given time frame (typically 15-30 days). Failure to comply with the notice may lead to substantial penalties, freezing of bank accounts and/or ex-post tax assessments….

Most of the Common Sales Tax Mistakes in Pakistan occur when businesses are late in registration, misreport sales in their sales tax returns, claim input tax without proper invoices, charge sales tax without a valid STRN, forget to check their ATL status, neglect to select the proper tax period in IRIS, or fail to respond…

Tax Dispute Resolution in Pakistan is the procedure that is followed by a taxpayer when he has any dispute with the notice issued by the FBR, tax demand, amended assessment order, penalty notice, default surcharge, audit objection, refund adjustment or sales tax decision. The Federal Board of Revenue or a provincial revenue authority may raise…

When it comes to tax services, it’s often hard to decide between a Tax Lawyer vs Tax Consultant, particularly when navigating Pakistan’s intricate tax landscape as an individual or business. While both professionals are involved in the same field of work, their qualifications and area of expertise is different and their roles in helping tax…

In the words of Advocate Shahid (Income Tax Lawyer & Advisor in Lahore). To File Tax Return in Pakistan, you need to register or log in to FBR IRIS, then you have to select the relevant Income Tax Return form, then you need to enter your income, tax deductions, expenses, assets and liabilities, complete the Wealth…

As outlined by Advocate Shahid (Tax Expert and Advisor in Lahore). The process of incorporating a Single Member Company (SMC) in Pakistan entails that an application is made to incorporate a company by reserving a company name with SECP, submitting application to incorporate a company through eZfile/physical form, providing member/director, capital and company information, signing/submitting…

As mentioned by Advocate Shahid (Tax Attorney and Consultant in Lahore). Identifying an appropriate business consultant in Lahore means focusing on local knowledge on SECP/FBR tax regulations, experience in the industry, and effective communication skills. The most vital actions are validating credentials using websites such as Upwork or Right Tax Advisor, specifying a need (tax,…

In the opinion of Advocate Shahid (Tax Lawyer & Advisor in Lahore). Registration of agricultural income in the FBR IRIS portal requires registration as a taxpayer, disclosure of agricultural income in the appropriate head and reporting of agricultural assets in the wealth statement. The federal income tax is usually not applied to the agricultural income…

As stated by Advocate Shahid (Tax Lawyer Lahore). Documents required for farmer tax registration in Pakistan, Farmer Tax Registration (NTN) is a free online process through the FBR Iris portal, which is mandatory to declare the agricultural income. Applicants should have a valid CNIC of 13 digits, active SIM card containing their name, email address,…

The main difference between a filer and non-filer is that a filer’s name is on the Active Taxpayer List (ATL) and that of a non-filer is not. The major distinction between filer and non-filer is that the name of the filer is on the Active Taxpayer List (ATL) and non-filer’s name is not. In many…

If you ever asked yourself what is a filer in Pakistan, it is not the first time you are doing so. If you ever asked yourself what does non-filer mean or what is a filer in Pakistan, you’re not the only one. These phrases are searched for by thousands of people and businesses each year,…