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How I should Benefit from Becoming a Filer in Pakistan?

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How I should Benefit from Becoming a Filer in Pakistan?

Whether you are a filer or a non-filer, whichsoever, however, you are bound to pay taxes but becoming a filer and being a filer has its own perks and benefits. 

The government of Pakistan has showered the advantages, put them on the table for those who are filers, and also allotted the punishable margin (doubled the taxes) for those who are non-filers. 

If you are a filer then you are on the safe side but if you are a non-filer then you are on the danger side. Because being a non-filer you have to bear an extra amount of money on tax charges. 

Get to know the classification of filer and non-filer, a filer is a person who discloses the wealth details before the tax regulatory body, is the regular taxpayer, and therefore is on the active taxpayers’ list. On the other hand, a non-filer is the person who doesn’t disclose the tax details, most often doesn’t pay the taxes, and therefore is also not on the active taxpayer list consequently. 

Now you can match and compare yourself with the above-mentioned nature of filer. Whether you are benefiting yourself or you are harming yourself from being a filer or a non-filer. 

The current population of Pakistan is approximately 220.9 Million according to the world bank sources. An estimated less than 1% which is around (2,209,000) of people from that much total population pay taxes. According to the FBR ATL 2021 (3.12 Million), individuals and companies have registered themselves with FBR for tax filing. 

Let’s have a look at the list of benefits to avail from, depending upon your filer status; either you are a filer or a non-filer.

Is this how I shall be benefitted? 

The answer is yes, but before that, a question has to be answered.  Have you done with the tax filing? If not, then do it right now. Tax filer in Pakistan is a privileged status and is considered one of the parameters of transparency and accountability. As contrasted with the non-tax filers. 

Let’s get started with the list of benefits: 

  1. If you are a filer then you need to pay half the amount of the withholding tax, but if you are a non-filer so you have to pay in full.  
  1. If you are a filer and require to withdraw cash of more than Rs 50,000 then you need to pay only 0.3% tax, but if you are a non-filer so you have to pay 0.6% tax. 
  1. If you are a filer then you need to pay 15% tax on dividends (the company’s profit), but if you are a non-filer so you have to pay 20% tax.  
  1. If you are a filer then you need to pay 10% tax on profits of banks and saving schemes, but if you are a non-filer so you have to pay 15% tax. 
  1. If you are a filer then you need to pay 15% tax on winning the prize bond amount, but if you are a non-filer so you have to pay 25% tax. 
  1. If you are a filer then you need to pay 12% tax on the commission amount, but if you are a non-filer so you have to pay 15% tax. 
  1. If you are a filer then you need to pay 10% tax on any auction from the government and private party, but if you are a non-filer so you have to pay 15% tax. 
  1. If you are a filer who regularly files the taxes then you are allowed to purchase any property, but if you are a non-filer so you are restricted to owning a property that is worth Rs. 5 Million and above.  
  1. If you are a filer then you need to pay 2% tax on the total amount of the property purchased, but if you are a non-filer so you have to pay 4% tax. 
  1. If you are a filer then you need to pay 1% tax on the transfer of property, but if you are a non-filer so you have to pay 2% on the transfer of property. 
  1. If you are a filer then you need to pay 5.5% duty on the raw material imports, but if you are a non-filer so you have to pay 8% duty on raw material imports. 
  1. If you are a filer then you need to pay 6% duty on your commercial exports, but if you are a non-filer so you have to pay 9% duty. 
  1. If you are a filer then you need to pay 4.5% duty on the supply of goods to the government and companies, but if you are a non-filer so you have to pay 9% duty. 
  1. If you are a filer then you need to pay 7.5% tax on the contracting amount, but if you are a non-filer so you have to pay 15% tax. 

Mentioned below is a comparison list between filers and non-filers. In the contexts of bank funds transfer, vehicle ownership, registration, and transference.

Difference in applicable taxes for filer and non-filers

If you don’t already become a tax filer, then what are you waiting for? Befiler is here for you, to make you a tax filer without any inconvenience and with all ease. Just don’t wait anymore and click on the link because with Befiler becoming a tax filer is just a click away.  

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