Tax Calculator Pakistan 2018 - 2019 (Updated)

Salaried Individual can calculate tax liability by checking tax calculator on google. 

The system will generate your ta liability against which you should file your tax chalan.

INSTRUCTIONS FOR FILING SALES TAX RETURN

ANNEXURE-A

System auto calculate this value ( Domestic purchase)

Purchase from Un registered person should be recorded.

ANNEXURE B

This value is taken automatic by system by linking GD's appearing in Custom site.

ANNEXURE C

SALES sale ( in Excel format) should be attached.

ANNEXURE -D

If any export is made.

ANNEXURE-H

Write down stock detail ( if refund is claimed).

   HOW TO FILE FORM 181 FOR NEWLY TAXPAYERS REGISTRATION

There are six column in FORM 181 Which are required to be filed by new person for registration

in FBR.

01- PERSONAL

In which you are required to provide NIC detail , name , typer ( Individual, business individual) , Registered address, birth date, email and Cell number.

02-PROPERTY

 IN PROPERTY COLUMN you are required to provide detail of Commercial property as well as Residential Property detail.

03-BUSINESS

IN business column write the business name and and date of business acquisition.

04- LINK COLUMN

In this column you may leave it blank.

05-ATTACHMENT

IN this column you may leave it blank.

06- BANK ACCOUNT

In this column you may provide Bank Account detail.

PROFIT ON DEBT ( EXEMPT INCOME)

Any Profit received by a NON Resident person on a security issued by a resident person shall be exempt from TAX under this Ordinance where

- the persons are not associate

-the security was issued by the resident person outside Pakistan for the purpose of raising a loan Outside Pakistan for use in a business carried on in Pakistan

- The Profit was paid outside Pakistan

- The Security is approved by FBR 

EXEMPTIONS AND TAX CONCESSIONS

Following Income are exempt from tax

- Agriculture Income

- Diplomatic and UN exemptions

- Exemption under International Agreement

-Presidents honor

-Profit on debt ( Certain Conditions)

-Scholarships

- Support payment under agreement to live apart

-Government Income

-Foreign Source Income of Short Term Resident Individual

- Foreign Source Income of Returning Expatriates

-Exemption and Tax Concession in II Schedule

-Exemptions and tax provisions in in other Laws

Those all income are exempt from tax subject to certain conditions.

 WEALTH STAEMENT BY NON RESIDENT PERSON


As per Section 116 resident person is required to file wealth statement .However non resident person filing return need not file wealth statement.

TAX treatment of foreign source income of resident individual

Foreign source income is exempt in pakistan if resident person has paid tax in foreign. However if resident person has to pay tax in Pakistan then he will get tax credit.