Companies yet to register with SECP

Upon registering with SECP, all new companies are automatically registered for Income Tax and allotted an NTN number. The registered head of the company (for the company registered in this manner) will receive their company’s Iris login credentials on their cell number and email address provided to SECP.

Companies already registered with SECP

1. The Principal Officer/ authorized representative of the company visits their relevant CRTO / LTU along with the following documents:
   • Original valid CNIC of the Principal Officer/ authorized representative.
   • Cell phone with SIM registered against Principal Officer / authorized representative’s own CNIC.
   • Email address belonging to the Company or authorized representative.
   • Certificate of maintenance of bank account in Company’s name.
   • Evidence of tenancy / ownership of business premises.
   • Paid utility bill of business premises not older than 3 months.
   • Registration certificate from Registrar of Societies, in case of a society.
   • Registration certificate from respective country, in case of a foreign company.
   • Valid CNICs copy of all directors of the company.
   • Valid passport copies of all the directors of the company (in case of foreign directors).
   • Original letter on letterhead of the company, verifying the Principal Officer / authorized representative, authorizing him for conducting registration process on company’s behalf.
2. The Facilitation officer at the CRTO / LTU verifies the documents start new registration process on Iris by performing the next few steps.
3. Enter relevant information in “181 (Form of Registration filed voluntarily) (Income Tax)” as per provided documents.
4. Enter complete information where mandatory.
5. Scan and attach the relevant documents and submit the application.

In case of a foreign company it is mandatory that one of the directors should be Pakistani national. Facilitation Officer suggests the Principal Officer to get a print of “181 (Order to grant / refuse registration on application)” by logging in to his own account through the password already been issued to taxpayer on registered cell and Email. Informs the Taxpayer about use and safe custody of the password and his account.

Documents required for NTN Number in Pakistan

First of all, we would like to explain the meaning of NTN. It is the meaning of National Tax number, in addition to, NTN is a unique ID in tax department which is normally issued against CNIC, if any person engage any taxable activity either business or salary, must issue NTN for tax filling.

National Tax number is very important in Pakistan, without NTN number registration in Pakistan, it is not possible to open business bank account or banks required NTN number. without NTN registration, we cannot submit annual income tax return in Pakistan, government of Pakistan should take necessary steps to minimize the documents required for NTN number in Pakistan for business individuals, especially for corporate clients and ease the process and should allow to companies to apply their NTN registration application through FBR official portals.

It is very important to discuss here about the process of getting NTN number registration in Pakistan.

NTN Number registration in Pakistan, application can be submitted electronically through FBR portal and physically submission in Tax office in major cities of Pakistan.

If you want to submit your NTN application online, it is very technical, you must be aware once the application submitted, you cannot change your particulars, especially in case of Business NTN.

Documents required for NTN Number in Pakistan:

• Copy of CNIC
• Copy of Latest Electric bill (for address confirmation)
• Rent Agreement or property papers (confirmation of business premises)
• Copy of Letter Head (in case of Business)
• PTCL, Mobile, Email, Nature of Business (mobile number must be on the applicant name)
• If you are doing job, need letter from employer /salary slip.

Once you get the business NTN  number, your business bank account will be opened on the bases of your NTN number registration. It can be easily verifiable on FBR portal.

Incase of Private Limited companies, Firms, NGO, Society other trade organisation, First you have to open bank account, get Business Bank Account Maintenance Letter from the bank, then NTN application will apply. Title of Business must be cleared on the account maintenance letter as well as bank account opening date.

Incase of Partnership firm / Registered Firm, name and CNIC of all partners details must be mentioned on bank certificate.