Brief Introduction:
In Pakistan, Professional tax is a tax that is charged collected by local governments from the individuals who are engaged in certain professions.
Professional tax is typically imposed on professionals such as lawyers, doctors, engineers, architects, accountants, and other licensed professionals etc.
It is typically a flat tax that is based on the income or status of the professional.
The amount of the tax may vary depending on the Region/Area, type of profession, form of the business and quantum of the business activity.
In Pakistan provinces and federal different tax rates for different professions.
Professional tax is distinct and completely different from other taxes, such as income tax or sales tax.
Registration for the professional tax :
It may vary depending upon from where you applying for professional tax but followings are the main requirements;
Application to Excise officer for Registration
NTN of the Business
CNIC of Owners/directors/Partners
Bank Account Maintenance Certificate
Registration of the Sole Proprietor/Partnership/Company
Proof of the payment of Fee
Renewals:
Professional Tax Registration is issued for a period of one year, so it needs to renew every year.
Requirements are almost the same except for the fee which may increase depending upon the certain criteria.