Tax and Accounting Services in Pakistan

First, let’s get it straight and out of the way. Indus BPO is on your side and not that of the FBR. We represent you, not the FBR.

Individual Tax Returns are filed along with a balanced Wealth Statement with the FBR in Pakistan.

Individuals not taxed as a business include the following:

• With assets
• Without assets
• With no income
• Salaried Employees

Individuals taxed as a business include but are not limited to the following:

• Freelancers
• Self Employed
• Insurance Agents
• Commission Agents
• Solo Practitioners
• Sole Proprietors
• Partners
• Non-Registered Businesses

Yes, individuals who are on Fiverr and Upwork are also considered to be in business and are taxed as a business.

FBR maintains a list of all citizens that are current and up to date with filing their income tax returns. This list is known as ATL (Active Taxpayer List).

Those not on the ATL are taxed heavily. Citizens with no income file a tax return just to be on the list, to avoid extra taxation.

We recommend that everyone should file. It will benefit you.

Many individuals are making their own money. They are tutors, domestic workers, people working from home, and some are even operating as a business. They have offices, employees, and even give their business an unregistered name. Some are earning from foreign sources & keeping their funds abroad.

They are hardworking & don’t even know that they are breaking laws which is a crime.

They look at the money they earn as "pocket money", and it’s nobody’s business what they do with it. Yes, they may not have to tell their parents, family, or friends but the government wants to know everything.

This is done through filing an income tax return along with a wealth statement. If not reported, this "pocket money" can very well be looked at as "black money".

Putting this money back into the economy can be called “money laundering” and not reporting their income to the government is known as “tax evasion”.

Some of these individuals are in the following industries:

• Call Centers
• Consultants
• Service Providers
• Contractors
• Freelancers on platforms like Fiverr & Upwork
• Software Houses
• IT related services
• Digital Marketing
• & so on.

You get the idea.

At Indus BPO we assist to get a legal business structure formed and be legit!