Habib replied on Thursday, July 11, 2019 10:59 PM PST
Ahmad, It is very easy if you have USD and Rupee Account in same bank, I go to manager and ask to credit some USD in my PKR account, He sends an email to their Head office in Karachi, the reply Comes with in 20 minutes that we are offering this rate this rate usually very Close to interbank buying Rate Like Interbank buying rate is 156 Rs per Dollar they offer you about 155.45 for example, They tell that is spot rate, But I understand they want to Keep some Margin from Max Interbank Rate, It is advisable to forward request at about 10AM and Rate is a bit more, Towards the closing time they offer less.
MR Ali, there are 3 steps
First you should get Password and Pin by Registering to FBR Iris site , For that you should have a working sim and not previously registered with any other name FBR system preferably should be in your name. Best time to Register it on day time at night time mostly sever errors come.
Second is your registration form that already laying there you go to drafts and see it and make changes to it, If you are overseas preferably Mention in Property address the Overseas address, If you don't own that property Mention its value 0 , you will have to mention the percentage ownership this is system glitch you can mention 1%, Like I mentioned that I am staying in an Apartment arranged by Employer and its value is 0 and my ownership is 1%. to support that you can make one attachment of your Passport front visa and Exit entry Pages and submit it in Place of ownership proof, you may submit the Electric bill or any other municipality bill of that residence if your mane is shown on that. Then you submit,
soon Confirmation Comes and they issue a Tax payer certificate and your becomes active Tax payer. It is Optional to go to declaration and submit a 114 Form for overseas who have zero income in Pakistan it is one page simple form as you declare yourself non resident [staying more than 183 days outside Pakistan] You can sign it blank. Or if you have paid any tax in previous year in non filer rate you can mention and get refund in form of Tax Credit{I did not go to that detail] My main purpose was to remove the restriction from my dollar account and I informed my Bank who did all the amendments within one day.
The Last Step can be asset declaration as It is Clearly mentioned in Q&A of FBR site that for overseas that assets declaration is not mandatory for overseas unless asked by Commissioner then you will have to do, I did not do that. |