FAQ

Questions we hear every week.

Straight answers on NTN, filing deadlines, company structures, GST, and trademarks. Don't see yours here? WhatsApp us and we'll answer directly.

Yes, if you want to file a return (and you should — a filed return puts you on the Active Taxpayers List, which reduces your withholding tax on banking, property, and vehicles). Salaried people whose employer already deducts tax still benefit from filing.
Individuals and AOPs typically file by 30 September; companies with a June year-end file by 31 December. FBR frequently extends these dates — but don't rely on it. Filing late means missing the ATL and paying the surcharge to get back on.
If you miss the return deadline, you're removed from the Active Taxpayers List. To get back on, you must file the return and pay a surcharge — currently Rs 1,000 (individuals), Rs 10,000 (AOPs), and Rs 20,000 (companies). Amounts change with each Finance Act.
SMC (Single Member Company) has one director and one shareholder — good for a solo founder who wants limited liability. Private Limited has 2–50 members, is the most common corporate structure, and is required for most B2B contracts. LLP is a hybrid — partnership flexibility with limited liability. We'll help you pick based on your goals and future funding plans.
Exports of services (including IT/ITeS) generally fall under a separate regime — many freelancers register with PSEB for the reduced tax rate rather than provincial sales tax. The right answer depends on your billing structure and clients; WhatsApp us with specifics.
Tier-1 retailers — broadly, businesses with substantial retail operations, national branches, air-conditioned premises, or a certain electricity bill threshold. Not integrating disallows 60% of your input tax adjustment, which is expensive quickly.
The full timeline from application to certificate is typically 18–24 months. You get journal publication (which grants public rights) in around 6–8 months. IPO Pakistan can raise objections that add time; we handle the response.
Yes. If we filed the return, responding to notices on the same return is included — no separate charge. If someone else filed and you're now facing a notice, we can still take it on; we just quote based on scope.
Yes — several deductions and credits are available (Zakat under Zakat & Ushr Ordinance, life insurance premiums, investment in shares/mutual funds within limits). We apply them when filing; you don't need to memorize the rules.
The federal turnover threshold for cottage/small businesses changes with each budget — currently around Rs 10 million for goods (verify at the time of registration). Provincial regimes (PRA in Punjab, SRB in Sindh) have their own thresholds for services. We check both before advising.
Yes. You can generally file up to five prior years' returns (with penalties/surcharges). We reconstruct the numbers from bank statements, salary slips, and asset records, then file them in order.
No. Most work happens over WhatsApp and email — CNIC and document photos are enough for NTN, returns, and GST. For SECP registrations that require biometric verification, one visit is needed (usually to a NADRA e-Sahulat centre near you).

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Ali Malik, Managing Director at Accotax
Ali MalikManaging Director