- NTN is like identity card for a business, it is even needed for corporate and business executives. Every taxpayer should have an NTN number, in Pakistan NTN number can be verified online from the website of Federal Board of Revenue.
- NTN is required for business transactions; opening bank account.NTN is also required for filing tax return of individuals and companies. It is required for filing tender notices and bids with government departments and multinational companies.
NTN – Salaried Person
NTN is required for filing of income tax non filer high/increased withholding tax rate is charged on banking transactions, vehicle purchase and vehicle token.
NTN – Business Person
If you are a sole proprietor then only identity that you have is NTN as sole proprietors are not required to be registered with any other regulatory or registration authority. Further NTN is required to open a business account.
It is required for filing tender notices and bids with government departments and multinational companies.
NTN – AOP
Partnership is required to file income tax return to become filer and to avail lower tax rate . We offer NTN Registration services to AOP / partnership firms. Higher withholding tax on business transaction , either supplies and service,
NTN – Company
Company is required to file income tax return, whether operational or non-operational , in any case a company will must file tax return. We offer NTN Registration services to companies. Higher withholding tax on business transaction, either supplies or service,