Let’s talk about NTN, why should you register for it?
Befiler September 15, 2022
Making Sense of NTN:
NTN stands for National Tax Number and is also known as Income Tax Registration Number in Pakistan. It is the starting point for anybody to register as a taxpayer either Individual or Business.
NTN is necessary for anybody who wants to get registered with governmental bodies i.e FBR (Federal Board of Revenue), SRB (Sindh Revenue Authority), PRA (Punjab Revenue Authority), BRA (Balochistan Revenue Authority), and KPRA (Khyber Pakhtunkhwa Revenue Authority).
The NTN is obtained for the purpose of complying with Income Tax, Sales Tax, and Federal Excise. It is also used in the process of Imports and Exports of goods.
For individuals, their CNIC number is now considered as their NTN number. Furthermore, for businesses, their NTN consists of 7 digits business NTN numbers.
Befiler is Pakistan’s #1 Tax and Legal partner, digitizing taxation matters in Pakistan with 24/7 customer support.
The term NTN is divided into types, you will know who can register NTN. Check out below.
Types of NTN:
Following are the types of NTN, from which one can register NTN according to their needs.
- Salaried
- Business
- Partnership/Association of Partnership (AOP) firm
- Company
- Non-profit Organization (NPO)
You can register your NTN from the types mentioned above that match your requirement.
Now let’s have a look at how Befiler is changing the NTN registration process in Pakistan.
Digitizing the NTN Registration Process in Pakistan:
As businesses and startups are evolving, the demand for digitization in every sector is growing.
Old and redundant methods like;
- Queuing up in lines for long hours and wasting a lot of time for small taxation tasks.
- Getting overcharged for small tasks and no transparency about the amount being charged.
- No data protection and customer support available for tax and legal matters.
This created a space for an organization to fill these gaps for individuals and businesses and offer them taxation and legal services with transparency and to ensure timely customer support through a digital portal.
Befiler is eliminating old and redundant methods of NTN registration and digitizing the process
Befiler is Pakistan’s #1 Tax and Legal partner, digitizing taxation matters in Pakistan with 24/7 customer support.
Online NTN registration is quick and easy with the Befiler mobile application.
Follow the process mentioned below to create your NTN online with Befiler.
Register NTN online with Befiler:
Following are the steps to register your NTN with Befiler.
1- Create your account and sign in to your Befiler mobile app.
2- Click on the NTN registration box.
3- Upload your CNIC front and back image.
4- Proceed to check out and pay the required fees.
After following all the steps, your NTN will get registered in 1-3 working days, the number of days varies upon pending cases, and also depends upon the type of NTN that you applied for registration.
The NTN is obtained for the purpose of complying with Income Tax, Sales Tax, and Federal Excise.
Haven’t registered your NTN yet?
Register it now in an easy and quick way at the comfort of your home with the Befiler Web Portal or mobile app.
After registering your NTN, you can evaluate how you will be benefitted as an NTN holder. Check out below.
Benefits of registering NTN:
You can obtain the following benefits by registering your NTN:
For Individuals :
- Registering your individual NTN will make you eligible to file your tax returns.
- Registering your individual NTN will make you a preferable person to obtain membership in different clubs, fast visa processing, etc.
- Registering your individual NTN will make you a responsible and reputable citizen in society.
For Business:
- By registering your business NTN, your business can offer services or sell products to other companies easily as compared to a business with no NTN.
- By generating your company’s NTN, your organization will get registered in SECP, and its compliance matters will become easy.
To get detailed information about the benefits of NTN registration, You can contact our support and get in touch with us here.
Concluding Remarks:
Befiler is eliminating old and redundant methods of NTN registration and digitizing the process by introducing befiler mobile app . You don’t need to spend thousands of rupees on a task that can be done with minimal cost and from the ease of your home. With Befiler you can register your NTN via the Befiler mobile app or befiler web portal .