Benefits of having NTN
Tax Saving Get maximum tax saving like claiming tax credits for investments and adjustment of taxes paid on utilities, vehicle, property transactions, and cash withdrawals etc Lower Rate of Withholding Tax Non-Filers are subject to higher rate of taxes on various transactions e.g. withholding tax is applicable on cash withdrawals and banking transfers exceeding Rs. 50,000 Avoid Penalities. Be a responsible citizen and avoid penalties and/or prosecutions from the FBR for not filing return Compliance Check Many government related organizations and banks now check your FBR tax filer status before acceding to your requests, like registration of company, purchase of property and loan processing etc.