Dear Experts
How an overseas Pakistani can become a filer without having any income in Pakistan. Will appreciate if someone with first hand experience can shed some light. Thanks
Hm replied on Tuesday, August 22, 2017 02:49 PM
Sir all info should be able at fbr website and they have help section too. It is fbr . Gov . Pk |
ShahzadQamarŽ replied on Tuesday, August 22, 2017 05:47 PM
Mansoor being a filer does not necessarliy mean that you must have income as well. You can always file a tax statement with zero income and zero tax and still remain filer. But make sure that you have zero income in Pak. If you have some sort of income in Pak and dont report then be ready for FBR action. |
Habib replied on Wednesday, August 23, 2017 04:35 AM
From 2015 it is must for all Overseas to File returns though they don't have income, No Tax will be levied but all assets have to be declared, I Guess Not even 0.1% People have done that. |
Ali replied on Wednesday, August 23, 2017 05:04 AM
Tax return also require disclosure of foreign assets, as per last year Asset/Liabilities disclosure format. Also there is a cell for disclosure of foreign-source income to disclose incase there is an increase in Foreign assets from year to year. |
MANSOOR replied on Wednesday, August 23, 2017 08:24 AM
Thanks brothers for valuable input. |
dubai replied on Thursday, August 24, 2017 07:53 AM
@ Ali
as i understand, disclosure of foreign assets does not apply to overseas Pakistan since they donot earn from Pakistan. |
