Skip to content
BarrioVibe
Finance & Tax

Income Tax

We handle income tax end to end for individuals, AOPs and companies, covering registration, the computation, the filing and any notice that follows. Every return goes out with a computation you can follow line by line, and the working papers are archived, because FBR can come back to a filed year long after you have stopped thinking about it.

Start a projectWhat’s included

Scope

What'sincluded

Everything below is in the standard engagement. Anything outside it is agreed in writing before the work starts, never after.

  • NTN registration for salaried individuals, sole proprietors, AOPs, companies and not-for-profits
  • Annual return filing through FBR IRIS for salaried individuals, sole proprietors, partnerships and companies
  • Wealth statement and reconciliation for individuals
  • Quarterly advance tax computed under section 147
  • Quarterly withholding statements under section 165, filed within 20 days of each quarter end
  • Response and representation on FBR notices and audit queries

Who this is for

Built for three situations

  • Salaried individuals and freelancers
  • Private limited companies
  • AOPs and partnerships

Process

How thisactually runs

  1. Position review

    We review your income sources, prior filings and current filer status, then tell you exactly what is due and what is at risk.

  2. Computation

    Taxable income calculated, every allowable deduction, credit and exemption applied, and the working shared with you before anything is submitted.

  3. Filing

    Return submitted through FBR IRIS, tax paid via CPR, and your Active Taxpayer List status confirmed.

  4. Aftercare

    Working papers archived and any subsequent FBR notice answered on your behalf, included for the tax year we filed.

Deliverables

What you end up holding

  • Filed income tax return with FBR acknowledgement
  • Tax computation sheet showing how every figure was reached
  • Wealth statement and reconciliation, for individuals
  • Computerised Payment Receipt for tax paid
  • Confirmation of Active Taxpayer List status

What we need from you

Documents required

  • CNIC, and incorporation certificate for companies
  • Annual financial statements or income summary
  • Bank statements for the tax year
  • Withholding tax certificates and deduction slips
  • Details of assets acquired or disposed during the year
  • Prior year return, if previously filed

Missing something? Tell us anyway. We can usually work around a gap, and it is better to know before we start.

Next step

Tell us your situation and we will scope it.

Talk to us about it

Scope, fee and dates confirmed in writing before anything starts.

Questions

AboutIncome Tax

  • Why does being on the Active Taxpayer List matter?

    Non-filers pay materially higher withholding rates on banking transactions, vehicle registration, property transfers and dividends. For most businesses the additional withholding over a year exceeds the cost of simply filing. Filing is usually the cheaper option even when no tax is payable.

  • I have not filed for several years. What happens?

    Late returns can still be filed. There are penalties for delay, but they are far smaller than the cost of staying a non-filer, and voluntary filing is treated very differently from being caught. We assess your exposure first and tell you the total before you commit to anything.

  • What if FBR issues me a notice?

    For any year we filed, responding is included. We draft the reply, assemble the supporting documents, and represent you. For years filed by someone else, we scope it separately after reviewing what the notice actually asks.

  • When is the deadline?

    Individuals and AOPs file by 30 September following the tax year. Companies file by 31 December. FBR does sometimes extend those dates, and every year a number of businesses plan around an extension that then does not arrive or arrives shorter than expected. We work to the original date for that reason.

Often taken alongside