2. Preparing to File Returns

To file returns accurately, you need to prepare the necessary documents and information:

• Maintain Updated Financial Records: Ensure that all financial records, including income statements, balance sheets, cash flow statements, and invoices, are up-to-date and accurate.
• Calculate Tax Liability: Determine your tax liability based on your income, expenses, and applicable tax rates.
• Obtain Digital Signatures: For electronic filing, companies must obtain digital signatures for authorized personnel who will submit the returns.

3. Filing SECP Returns

3.1 Filing Annual Return (Form A)

• Step 1: Log in to the SECP e-Services Portal
  Go to the SECP e-Services portal and log in with your credentials.

• Step 2: Access the Annual Return Form
  Navigate to the “Company Returns” section and select “Form A – Annual Return.”

• Step 3: Complete the Form
  Fill in the required details, including the company’s shareholding structure, details of directors, and key personnel.

• Step 4: Attach Required Documents
  Attach the necessary documents, such as financial statements and a list of shareholders.

• Step 5: Submit the Form and Pay the Fee
  Review the form, submit it online, and pay the prescribed fee using the available payment options.

3.2 Filing Form 29 (Particulars of Directors and Officers)

• Step 1: Access Form 29
  Log in to the SECP e-Services portal and navigate to “Form 29.”

• Step 2: Fill in the Details
  Enter the particulars of the new or changed directors, officers, or auditors.

• Step 3: Attach Supporting Documents
  Attach the relevant documents, such as board resolutions or consent letters from the newly appointed directors.

• Step 4: Submit and Pay
  Submit the completed form and pay the filing fee.

3.3 Filing Financial Statements

• Step 1: Prepare Financial Statements
  Ensure that the financial statements are audited and signed by a certified auditor.

• Step 2: Upload to SECP Portal
  Log in to the SECP e-Services portal, select the option to submit financial statements, and upload the documents.

• Step 3: Confirm Submission
  Review and confirm the submission of financial statements.

4. Filing FBR Returns

4.1 Filing Income Tax Return

• Step 1: Register on the IRIS Portal
  If you haven’t already, register for an account on the FBR IRIS portal.

• Step 2: Access the Tax Return Form
  Log in to the IRIS portal and select the relevant income tax return form (Form 114(1) for individuals and Form 114(2) for companies).

• Step 3: Fill in Income and Expense Details
  Provide accurate details of your income, deductions, expenses, and any tax credits.

• Step 4: Attach Required Documents
  Attach supporting documents, such as income statements, tax deduction certificates, and bank statements.

• Step 5: Submit the Return
  Review the return for accuracy, submit it online, and receive an acknowledgment receipt.

4.2 Filing Sales Tax Return

• Step 1: Access the Sales Tax Form
  Log in to the FBR IRIS portal and select the sales tax return form (Form STR-7 for companies).

• Step 2: Provide Sales and Purchase Details
  Enter the details of your sales, purchases, input tax, and output tax for the relevant period.

• Step 3: Calculate Net Payable Tax
  The system will automatically calculate the net payable tax or refund amount.

• Step 4: Attach Invoices and Documents
  Upload all relevant invoices and supporting documents.

• Step 5: Submit and Pay
  Submit the form and pay the calculated sales tax online.

4.3 Filing Withholding Tax Statements

• Step 1: Access Withholding Tax Form
  On the FBR IRIS portal, select the relevant withholding tax statement form.

• Step 2: Fill in Deduction Details
  Enter the details of all withholding tax deductions made during the period, including employee salaries, rent, services, and other payments.

• Step 3: Attach Withholding Tax Certificates
  Attach withholding tax certificates issued to payees.

• Step 4: Submit the Statement
  Review the statement for accuracy and completeness, then submit it online.