FBR Tax Return: Your Ultimate Guide to Tax Regime

Hope you have heard about the term FBR Tax Return and might not know the details of what it actually is! Let us elaborate its concept and importance for Pakistani nationals.
Every country in the world has a system of taxation that enables the state to collect revenue from the people of the state who are generating income from the resources of the country. Likewise, Pakistan has its own system of taxation which enables the government to tax people and generate revenue to run the affairs of the state, meet its financial obligations, and do some development expenditures.
The major taxation system in Pakistan is administrated by the federal government’s autonomous institution called the Federal Board of Revenue (FBR) which is responsible for the collection and administration of various taxes, including income tax.
By law, individuals and businesses are required to report their financial position, income, deductions, and applicable tax liabilities to FBR for the income they earn in Pakistan. A formal document is used for this purpose and is called a tax return. A tax return (ٹیکس گوشوارہ) is actually a comprehensive document to overview an individual’s or business’s financial activities and is used to calculate the amount of income tax they have to pay to the government.
So, the FBR tax return refers to the submission or filing of income tax return with the Federal Board of Revenue (FBR).
FBR tax return filing is not only an essential part of the taxation process but also a legal obligation for Pakistani nationals. It helps the government assess the applicable taxes and their collection thereon to ensure transparency in financial transactions. It also allows taxpayers to claim tax exemptions and deductions if they are eligible.
FBR tax returns are normally filed on an annual basis, after the end of each financial year ending on June 30th. The specific forms and requirements for tax filing may vary, based on the taxpayer’s business type, income source, and other parameters. The FBR may charge penalties and take legal action in case of failure to file tax returns or evasion of taxes, if anyone does so.

The FBR has devised a comprehensive system to facilitate the public with taxation filing and support services. Many of the tax services are offered on the electronic payments portal of FBR. The electronic payments shortly typed as e-payment portal facilitate the payments of Income Tax, Sales Tax, Excise Duty, Sales Tax Withheld, Income Tax Return, Closure of Audit, Tax on Immovable Property, Capital Value Tax (CVT) on motor vehicles, and on movable and immovable foreign assets. The e-payment also provides search services for Active Tax Payers for Sales Tax and Income Tax, National Tax Number (NTN) Inquiry, and finding the 8th check digit of NTN. The portal also provides the facility of the invoice, document, and notice verification.
The FBR electronic services are shortly called efbr or e fbr due to the URL of the portal consisting of the letter and the abbreviation.

Income Tax Registration for FBR Tax Return
For filing of income tax return, a person must be registered with FBR – Federal Board of Revenue.
The individuals can register for tax with the FBR iris portal which is a dedicated platform developed for filing tax returns.
The companies and associations of persons can register with their relevant regional tax office shortly called RTO.
For efficient and error free submission of ta return just approach us with trust at Beingfiler.
Types of Tax Registration
Basics for Tax Payers Registration
An individual, an AOP, or a company is said to be registered for tax if they have successfully completed the enrollment with the iris portal.
Once enrolled the system will provide the registration number or NTN and a password. On iris, the 13-digit Computerized National Identity Card (CNIC) number is the National Tax Number or registration number for individuals. While the companies and AOPs are provided with a 7-digit NTN as a registration number.
This login information is used to log in to the iris system for onward filing of tax returns.
Requisite for Tax Registration
Tax Registration for Individuals
The following information or documents should be available for proceeding with the registration with iris

Tax Registration for Company and Association of Persons
The principal officer of the company or AOP will have to arrange the following information for tax registration

Tax Registration of Non-resident company with permanent establishment in Pakistan

Tax Registration of Non-resident company having no permanent establishment in Pakistan

How to login iris
A person needs to log in to IRIS system to file his income tax return in Pakistan.
For the new user who are filing their tax returns, they must be registered with iris. For the persons already having NTN or registration numbers should enroll with iris system via e-enrollment for the registered person option to get their login credentials for iris.
Once a person is properly registered and enrolled with iris system, he may complete and file the Return of Income form (containing income information for a tax year and the applicable tax) and the Wealth Statement form (details of assets & and liabilities). A person who has properly filed his fbr tax return form also called return of income form and wealth statement form will be treated as filer by the FBR system and can enjoy the benefits of being a filer.
FAQs
Conclusion
In essence, the filing of Tax Returns is a vital element of Pakistan’s taxation system governed by the Federal Board of Revenue. Filing returns is mandatory for individuals and businesses, it ensures revenue generation for the state with financial transparency, tax assessment, and legal compliance. The FBR’s electronic payment portal (efbr) and income tax registration portal help in streamlining the process, emphasizing the significance of accurate details for the effective filing of tax returns. Being recognized as a tax filer by FBR, comes with various benefits, making compliance and adherence to the tax system is imperative and beneficial for both taxpayers and the states.
i am IT Professional and got information regarding tax return and lot of others from beingfile.com
Thanks for Efforts
good to see your comment. a detailed email has been sent to you.
send your queries at Whatsapp +92 319 1218969 or email at [email protected] or [email protected]
Nice
Nice website