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Tax filer / Non filer,

(106583)
   Asif
Tuesday, October 18, 2016 09:30 AM 
Reply: >
Dear Sirs,

I am working oversea and planning to make a transaction of around 15 mio for property purchase.
Since the bank charges Tax 0.6% for non filer and 0.3% for filer for any bank draft or cash
The Tax amount will be 90K for non filer and 45K for filer.

A bank employee informed me that follow the transaction as non filer and dont go for registration because govt/fbr will start sending you notices every year and will charge your fixed amount every year even you dont make any further transactions.

Please advise me; what is better option?
HussainD® replied on Tuesday, October 18, 2016 04:21 PM 

AoA,

I don't think that the bank employee's information is correct. There is no fixed amount for charges. However, you will be supposed to file your tax return every year to remain active on tax payer (filer) list. In my opinion, you are more likely to get notices about source of income if you are non-filer. I would personally go for filer choice. By the way, I am also an overseas and I am filer. I file my return every year and declare 0 income and pay 0 tax as I don' have income in Pakistan. It would be even better for you to consult a tax consultant in Pakistan to have a more authentic view.
Regards,
zeeshan replied on Tuesday, October 18, 2016 05:09 PM 

If you have a gud tax filer that wont happen and depends on source as well ...
NT replied on Wednesday, October 19, 2016 03:34 AM 

For filer there is no tax (0.3%) if they make payment through cheque/pay order. Secondly this is my third year as a filer & I never received any notice.
Ibrahimdxb replied on Wednesday, October 19, 2016 07:37 AM 

Asif Sahib: since you are overseas and source is foreign remittance. please become a filer and there is no issue of FBR. there will be no income tax on your return but only you have to pay Rs.3000 etc to income tax wakeel for submission of your income tax return on line. you will have more benefits as filer in case of buying or selling etc.

Me also an overseas and did same (become filler) and on property transactions I saved hundreds of thousand due to filer only without paying any income tax for the last so many years. Don't listen to banker etc. even in banks transactions there is much more benefits for fillers than non fillers. thanks
Siddique® replied on Wednesday, October 19, 2016 08:09 AM 

I am a volunteer filer from last 3 years on FBR portal, and i never had any such notice so far.
MMM replied on Wednesday, October 19, 2016 10:30 AM 

No WHT is charged for bank draft for filers. Also 0.3% deducted on cash withdrawals above Rs. 50,000 per day which is also refundable/adjustable by the filer.
FAROOQ Ahmad replied on Thursday, October 20, 2016 02:41 AM 

Dear Ibrahim Sb, We would appreciate if you please give us the contact no of your tax Lawyer who charges Rs 3k. I would like to avail his services. Regds.
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