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Home Breaking News

FBR notifies new procedure for sales tax registration

byCT Report
17/08/2024
in Breaking News, Islamabad, Latest News
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ISLAMABAD: In a move aimed at simplifying tax compliance, the Federal Board of Revenue (FBR) has introduced a streamlined procedure for sales tax registration. This new process is designed to facilitate taxpayers, making it easier and more efficient to register for sales tax using the Iris Portal.

Taxpayers can now log in to the Iris Portal using their existing credentials and navigate to the registration section. Here, they can select Form 14(1) (Form of Registration filed voluntarily through Simplified) under the Sales Tax category. The system will then prompt them to provide essential details, which vary depending on whether the applicant is an individual, an Association of Persons (AOP), or a company.

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For individuals, the registration type—whether as a Manufacturer or Non-Manufacturer—must be specified. For AOPs or companies, the applicant must provide the CNIC of the member, director, or principal officer, along with the registration type. Additionally, all applicants are required to furnish their bank account details, including a bank account certificate issued in the business’s name.

Business details are also mandatory, including the name of the business, acquisition date, capacity, and business activity. For businesses with multiple branches, details of all branches must be provided. The FBR also requires GPS-tagged photographs of the business premises, as well as registration or consumer numbers for gas and electricity, accompanied by pictures of the utility meters. Manufacturers must submit GPS-tagged photographs of their machinery and industrial electricity or gas meters.

Upon submitting the required information and documents, the system will automatically register the applicant for sales tax. Detailed guidance on this process is available through the Iris Portal.

Following registration, applicants are required to visit a NADRA e-Sahulat Centre within 30 days for biometric verification. Failure to complete this step or a failed verification will result in the applicant’s removal from the Sales Tax Active Taxpayer List. NADRA e-Sahulat Centers are widely available to facilitate this process.

For manufacturers, the FBR may conduct post-verification checks through field offices or authorized third parties. If any document is found to be non-genuine or incorrect, the applicant will be given 15 days to provide the correct information. Failure to comply will result in removal from the Active Taxpayer List.

Additionally, the FBR has made sales tax registration accessible via the Iris Mobile Application, “Tax Asaan.” The detailed registration procedure is available within the app, offering further convenience for taxpayers.

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