Benefits of tax filing as business individual
One of the first decisions every business individual makes is how to structure their business. Setting up a business and getting understanding of the complexities involved in filing the tax returns is an important aspect of running a business.
Majority of business individuals in Pakistan shy away from taxes because they think it will be too difficult. However, you do not need to worry now, Befiler your digital tax advisor is here to help you and will make tax preparation a lot easier for you.
At times, business individuals do not understand the default taxation of their businesses. It is very important to understand because the structure of your business determines how you file your tax return. It all sounds confusing, but you do not need to worry, Befiler your digital tax advisor is here to guide you through the whole tax return filing process.
What are the benefits of tax filing for business individuals?
There are several benefits for income tax filers over non-filers. As a tax filer, you can enjoy multiple benefits and get your tax reduced in many cases. In Pakistan, the tax rates for filers and non-filers are different.
If you are planning to purchase a property or a vehicle, you might have to bear almost double amount of tax if you are a non-filer. On the other hand, if you are a tax filer you will pay almost half of the amount of tax as compared to a non-filer and the amount paid by you can easily adjust against your tax liability, which will eventually reduce your tax.
- Income tax filers get benefits on import of raw for their business by paying reduced amount of tax as compared to non-filer.
- Income filers also get advantage on exports. They have to pay reduced amount of tax on commercial exports.
- Income tax filers pays reduced amount of tax on dividends and bank profits.
- Income tax filers have to pay almost half the amount of the tax as compared to non-filers on the purchase of property.
- If any government or private entity is auctioning the income tax, filers can easily avail that opportunity by paying tax on reduced rates as compared to non-filers.
How to file your income tax return with Befiler?
If you have not yet filed your income tax return, then stop getting worried as you are at the right platform. You need not surf anywhere else because all your tax filing related confusions will be answered here at Befiler.
Step 1: Sign in to your Befiler mobile App or visit our website www.befiler.com through your browser.
Step 2: Scroll down to tax filing services.
Step 3: Provide all required information that is your name and other related information.
Step 4: Once all your relevant information is received, Befiler representative will prepare your draft income tax return for your review. In case of any query, Befiler representative will call you and resolve your query.
Step 5: After reviewing your draft income tax return just
We do not even need your physical presence at all, rather you can send your documents to get your tax return filed.
Befiler is here to serve you through its professional and reliable service. Now you do not even need to think about your tax related problems, as we will manage all your issue related to your tax filing.