Introduction:
NTN (National Tax Number) is a unique identification number assigned by the Federal Board of Revenue (FBR) to registered businesses and individuals in Pakistan. It is a requirement for all businesses and individuals to have an NTN number to conduct any kind of business or financial transaction in Pakistan. In this article, we will guide you through the process of obtaining an NTN number for a registered business in Pakistan.
Step 1: Register your Business
The first step towards obtaining an NTN number is to register your business with the Securities and Exchange Commission of Pakistan (SECP) or the Registrar of Companies (ROC). The registration process involves submitting the necessary documents and information about your business, such as its name, address, type of business, and other relevant details.
Step 2: Obtain a Taxpayer Identification Number (TIN)
Once your business is registered with the SECP or ROC, you will need to obtain a Taxpayer Identification Number (TIN) from the FBR. The TIN is a 12-digit number that is used to track your tax payments and returns. You can obtain a TIN by filling out the Form ST-2, which is available on the FBR’s website.
Step 3: Fill out the NTN Application Form
After obtaining the TIN, you will need to fill out the NTN Application Form, which is also available on the FBR’s website. The form requires you to provide information about your business, such as its name, address, type of business, and other relevant details. You will also need to provide your TIN and attach a copy of your business registration certificate.
Step 4: Submit the NTN Application Form
Once you have filled out the NTN Application Form, you can submit it to the nearest Regional Tax Office (RTO) or Large Taxpayer Unit (LTU) of the FBR. You will also need to attach a copy of your business registration certificate and any other relevant documents, such as your bank statement and proof of address.
Step 5: Wait for Processing
After submitting your NTN Application Form, you will need to wait for it to be processed by the FBR. The processing time can vary depending on the workload of the FBR, but it typically takes a few days to a week. Once your application is processed, you will be issued an NTN number.
Step 6: Verify your NTN Number
After you have been issued an NTN number, it is important to verify it to ensure that it is valid and has not been tampered with. You can verify your NTN number on the FBR’s website by entering your TIN and NTN number.
Definitions:
National Tax Number (NTN):
A unique identification number assigned by the Federal Board of Revenue (FBR) to registered businesses and individuals in Pakistan.
Federal Board of Revenue (FBR):
A government organization in Pakistan responsible for collecting federal taxes.
Securities and Exchange Commission of Pakistan (SECP):
A government organization in Pakistan responsible for regulating the securities industry and protecting investors.
Registrar of Companies (ROC):
A government office in Pakistan responsible for registering and regulating companies.
Taxpayer Identification Number (TIN):
A 12-digit number used to track tax payments and returns.
Examples:
Mr. Ali runs a small business in Pakistan and wants to obtain an NTN number. He first registers his business with the SECP and obtains a TIN from the FBR. He then fills out the NTN Application Form and submits it to the nearest RTO. After a few days, he receives his NTN number.
XYZ Corporation is a large multinational company operating in Pakistan. To conduct business in the country, the company must obtain an NTN number. It first registers with the SECP and obtains a TIN from the FBR. The company then fills out the NTN Application Form and submits it to the nearest LTU. After a few days, the company receives its NTN number, which it uses for all its financial transactions in Pakistan.
Ms. Fatima is a freelancer in Pakistan and wants to obtain an NTN number to comply with tax regulations. She first obtains a TIN from the FBR and fills out the NTN Application Form. She submits the form and her business registration certificate to the nearest RTO. After a few days, she receives her NTN number and verifies it on the FBR’s website.
Conclusion:
Obtaining an NTN number is an important requirement for registered businesses and individuals in Pakistan. It allows them to conduct financial transactions and comply with tax regulations in the country. The process of obtaining an NTN number involves registering your business, obtaining a TIN, filling out the NTN Application Form, submitting it to the nearest RTO or LTU, and waiting for processing. Once issued, it is important to verify your NTN number to ensure its validity.
