There haven’t been any recent announcements from the Federal Board of Revenue (FBR) regarding new mandatory registrations. The FBR website (visit) outlines various registration requirements depending on your business activity and tax obligations.
Here’s a quick refresher on some common FBR registrations:
- Income Tax Registration: This is mandatory for businesses and individuals exceeding a certain income threshold. You can register online through the Iris portal for individuals or visit a facilitation counter for companies and partnerships.
- Sales Tax Registration: Businesses involved in supplying taxable goods or services need to register for Sales Tax. Registration grants a Sales Tax Registration Number (STRN) used for filing tax returns.
Who Should Register with FBR?
The specific registration requirements depend on your business activities. Here are some resources to help you determine if you need to register:
- FBR Registration Guide: The FBR website offers a guide outlining registration requirements for different entities:
- Consult a Tax Advisor: If you’re unsure about your registration obligations, consider seeking advice from a qualified tax advisor familiar with Pakistani tax laws.
Remember:
- FBR registration requirements can change. It’s advisable to stay updated with the latest regulations through the FBR website.
- This article provides a general overview. The specific requirements might differ based on your individual circumstances.
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