MKV Associates

Many people assume that once the tax filing deadline has passed, there is no point in filing at all.
In reality, Pakistan's tax system clearly distinguishes between Active Filers, Late Filers, and Non-Filers, and the financial consequences of remaining a non-filer can be significant.
Across several financial activities — including property transactions, dividend income, and banking operations - non-filers consistently face higher withholding tax rates. While late filing may involve a surcharge, it can still substantially reduce the tax burden compared to staying outside the system. Over time, these differences add up and can affect major financial decisions.
Understanding how these distinctions work is important for anyone looking to manage their finances more efficiently and avoid unnecessary tax costs.
If you'd like to understand these implications in more detail, feel free to connect with me.

📢 Income Tax Return 2025

⏰ Last Date: 15th October 2025

⚠️ File your Income Tax Return before 15th October to avoid being marked as a non-filer.

Disadvantages of being a non-filer:

✅ Higher tax deductions

✅ Extra withholding tax on bank transactions

✅ Additional charges on car/property registration

✅ Heavy penalties and fines

📝 Filing your return is simple, but delaying it can cost you a lot!

👉 File your return today and enjoy the benefits of being a filer.

Our services include:
• Income Tax registration (NTN)
• Customized Income tax return filings with FBR
• Sales tax registration (STRN)
• Sales tax return filing
• All RTO’s FBR IRIS password recovery, name correction, number and email updation.
• Registration of business activity in FBR
• 7E certificate
• Customized tax planning and advisory
• Company registration with SECP
• Annual Return filing with SECP
• Registration of IT service provider and freelancers with PSEB
• Logo / Trademark Registration with IPO
• Accounting & Bookkeeping

゚