Shams Raza

Tax Practitioner 🇵🇰 | CMA |
Creating Tax Awareness in Pakistan
Income Tax| Sales Tax| NTN | Compliance

[Shams Raza @TaxwithShams]

⛽ فیول پرائس موازنہ (2026 – جنگ کے اثرات)

🇵🇰 پاکستان
پیٹرول: 321.17 روپے فی لیٹر
عالمی آئل بحران کے باعث تقریباً 55 روپے اضافہ
قیمتوں کا بوجھ فوری عوام پر منتقل

🇮🇳 بھارت
پیٹرول: تقریباً ₹94–107 فی لیٹر (تقریباً 310–350 پاکستانی روپے)
دہلی میں قیمت: ₹94.77 فی لیٹر
قیمتیں زیادہ تر مستحکم رکھی گئیں

🌍 اہم نکتہ:
مڈل ایسٹ تنازع کے باعث عالمی آئل قیمتوں میں اضافہ

➡️ پاکستان: فوری قیمتوں میں اضافہ (درآمدی معیشت)
➡️ بھارت: ذخائر اور پالیسی کے ذریعے قیمتوں کو کنٹرول

معاشی مضبوطی = قیمتوں میں استحکام

#FuelPrices #Pakistan #India #Economy #OilCrisis2026 #Inflation #IranWar‌

[Shehbaz Sharif @CMShehbaz]

Pakistan welcomes and fully supports ongoing efforts to pursue dialogue to end the WAR in Middle East, in the interest of peace and stability in region and beyond. Subject to concurrence by the US and Iran, Pakistan stands ready and honoured to be the host to facilitate meaningful and conclusive talks for a comprehensive settlement of the ongoing conflict.

@realDonaldTrump
@SteveWitkoff
@araghchi

[Shams Raza @TaxwithShams]

⛽ Fuel Price Comparison (2026 – During War Impact)
🇵🇰 Pakistan
Petrol: Rs 321.17 per litre �
Business Recorder +1
Sharp increase of ~Rs 55 due to global oil crisis �
Reuters
Price rises immediately passed to public
🇮🇳 India
Petrol: ~₹94–107 per litre (≈ Rs 310–350 PKR equivalent depending on rate) �
Goodreturns
In Delhi: ~₹94.77 per litre �
Mettis Global
Prices mostly kept stable despite war.
Global oil prices increased due to Middle East conflict �
Reuters +1
Pakistan: Immediate price hike (import-dependent economy)
India: Prices controlled using reserves & policy strategy
#FuelPrices #Pakistan #India #Economy #oilcrisis2026 #Inflation #IranWar‌

[Shams Raza @TaxwithShams]

For the first time, 100+ countries have congratulated Pakistan on the occasion of its 86th Resolution Day.
#Pakistan
#PakistanResolutionDay
#PkaistanDay #23march2026

[Shams Raza @TaxwithShams]

📢 Tax Reminder for Pakistan 🇵🇰

Many people think tax filing is only for businessmen.
But if you have bank transactions, property, vehicle, or high income, you may also be required to file a return.

Stay compliant. Avoid penalties.

#TaxPakistan #FBR #TaxAwareness

[Shams Raza @TaxwithShams]

⛽ Petrol Price Increased by Rs.55 in Pakistan 🇵🇰

The government has significantly increased petrol prices, adding further pressure on inflation and daily living costs.

Higher fuel prices mean higher transport costs, expensive goods, and more burden on the common citizen.

Economic stability and smart policies are now more important than ever.

#PetrolPriceHike #InflationPakistan #Economy #Pakistan

[Shams Raza @TaxwithShams]

قسم ہے انجیر اور زیتون کی،اور صحرائے سینا کے پہاڑ طور کی،اور اس امن و امان والے شہر کی،کہ ہم نے انسان کو بہترین سانچے میں ڈھال کر پیدا کیا ہے،

﴿سورۃ التین ، ۱-۴﴾

[Shams Raza @TaxwithShams]

Global tensions may impact Pakistan’s economy. 🇵🇰
Possible effects: • Higher fuel prices
• Inflation pressure
• Exchange rate volatility
• Increased business costs
In uncertain times: ✔️ Manage expenses wisely
✔️ Plan taxes properly
✔️ Maintain compliance
Financial discipline is strength.
#PakistanEconomy #TaxPlanning #FinancialAwareness #SR

[Shams Raza @TaxwithShams]

⚠️ 5 Common Tax Mistakes People Still Make in Pakistan (2026)
1️⃣ Not filing return even with bank transactions
2️⃣ Confusing filer & active taxpayer
3️⃣ Ignoring advance tax on vehicles/property
4️⃣ Claiming wrong tax credits
5️⃣ Missing the due date & paying penalty
Don’t wait for a notice from Federal Board of Revenue.
Stay compliant. Stay safe. 🇵🇰
#TaxPakistan #FBR #TaxAwareness #Filer #SRtax

[Shams Raza @TaxwithShams]

"There is no power on earth that can undo Pakistan"
Long Live Pakistan 🇵🇰
#Pakistan
#PakAfghanWar

[Shams Raza @TaxwithShams]

🚖 Punjab Govt Launches e-Taxi Scheme 2026 🇵🇰
The Government of Punjab has officially launched the first province-wide electric taxi scheme under the leadership of Maryam Nawaz Sharif.
🔹 1,100 Electric Vehicles in Phase 1
🔹 30% quota for women drivers
🔹 50–60% down payment paid by Govt
🔹 5-year easy installments
🔹 Panic button linked to Punjab Safe Cities Authority
This initiative promotes: ✔ Green transport
✔ Employment opportunities
✔ Digital economy
A big step towards modern & eco-friendly Punjab! 🌱⚡
#Punjabi #ETaxi #ElectricVehicles #Pakistan #TransportReform #GreenPunjab

[Shams Raza @TaxwithShams]

What is NTN & How to Get NTN in Pakistan? ����🇰
🔹 What is NTN?
NTN stands for National Tax Number.
It is a unique number issued by the Federal Board of Revenue (FBR).
In simple words:
👉 NTN is your identity in the tax system.
Without NTN, you cannot: • File Income Tax Return
• Become Filer
• Register a Business
• Register for Sales Tax
🔹 Who Needs NTN?
✔ Salaried persons (if taxable)
✔ Business individuals
✔ Companies
✔ AOP (Partnership firms)
✔ Freelancers
🔹 How to Get NTN? (2026 Method)
Step 1️⃣: Open FBR IRIS portal
👉 Visit: https://t.co/jJI2WboA5L⁠�
Step 2️⃣: Click on "Registration for Unregistered Person"
Step 3️⃣: Enter your CNIC, mobile number & email
Step 4️⃣: Verify through OTP
Step 5️⃣: Fill required details (income source, address, etc.)
Step 6️⃣: Submit application
✅ Your NTN is generated automatically after registration.
💡 Important Note:
For Individuals, your CNIC number itself becomes your NTN.
If you need help in NTN registration, feel free to contact.
#NTN #TaxPakistan #FBR #TaxAwareness #SR

[Shams Raza @TaxwithShams]

The Finance Department, Government of the Punjab, has introduced a minimum retirement age policy.
Premature retirement will now be allowed after:
• 25 years of qualifying service OR
• Attaining the age of 55 years
(Whichever is later)
Source: Official website of Government of the Punjab.
#Pension
#PunjabEmolyees
#GovernmentofPakistan
#SR_Tax_Consultant
#Finance

[Shams Raza @TaxwithShams]

Ramadan + Qur'an+ Madinah

#Ramazan

[Shams Raza @TaxwithShams]

پاکستان میں ٹیکس ریٹرن کون فائل کرے؟ 🇵🇰
پاکستان میں ٹیکس ریٹرن فائل کرنا صرف کاروباری افراد کے لیے نہیں ہے۔ بہت سے افراد قانونی طور پر ریٹرن جمع کروانے کے پابند ہیں۔
Federal Board of Revenue (FBR) کے مطابق درج ذیل افراد کے لیے ٹیکس ریٹرن فائل کرنا ضروری ہے:
✅ 1. تنخواہ دار افراد
اگر آپ کی سالانہ آمدن FBR کی مقررہ قابلِ ٹیکس حد سے زیادہ ہو۔
✅ 2. کاروباری افراد
وہ تمام افراد جو کاروبار کر رہے ہیں (دکان، آن لائن اسٹور، فری لانسر وغیرہ)۔
✅ 3. کمپنیاں
تمام رجسٹرڈ کمپنیاں ریٹرن فائل کرنے کی پابند ہیں — چاہے منافع نہ بھی ہو۔
✅ 4. ایسوسی ایشن آف پرسنز (AOP)
شراکتی فرموں کے لیے ریٹرن فائل کرنا لازمی ہے۔
✅ 5. جائیداد کے مالکان
اگر آپ مقررہ حد سے زیادہ مالیت کی جائیداد رکھتے ہیں۔
✅ 6. گاڑی کے مالکان
اگر آپ کے پاس 1000 سی سی یا اس سے زیادہ انجن والی گاڑی ہے (موجودہ ٹیکس قوانین کے مطابق)۔
✅ 7. این ٹی این ہولڈر
اگر آپ کے پاس NTN ہے تو آپ کے لیے ریٹرن فائل کرنا ضروری ہے۔

[Shams Raza @TaxwithShams]

Who Must File a Tax Return in Pakistan? 🇵🇰
In Pakistan, filing a tax return is not only for business owners. Many individuals are legally required to file.
According to the Federal Board of Revenue (FBR), the following persons must file a tax return:
✅ 1. Salaried Individuals
If your annual income exceeds the taxable limit set by FBR.
✅ 2. Business Owners
All individuals running a business (shop, online store, freelancer, etc.).
✅ 3. Companies
All registered companies must file a return — even if there is no profit.
✅ 4. AOP (Association of Persons)
Partnership firms are required to file.
✅ 5. Property Owners
If you own property above the specified value.
✅ 6. Vehicle Owners
If you own a vehicle above 1000cc (as per current tax laws).
✅ 7. NTN Holders
If you have an NTN, you are required to file a return.
💡 Why Filing is Important?
✔ Avoid penalties
✔ Become an Active Taxpayer (ATL)
✔ Lower withholding tax rates
✔ Build financial credibility
#FBR #PakistanTax
#TaxAwarness

[Shams Raza @TaxwithShams]

Who Must File a Tax Return in Pakistan? 🇵🇰
In Pakistan, filing a tax return is not only for business owners. Many individuals are legally required to file.
According to the Federal Board of Revenue (FBR), the following persons must file a tax return:
✅ 1. Salaried Individuals
If your annual income exceeds the taxable limit set by FBR.
✅ 2. Business Owners
All individuals running a business (shop, online store, freelancer, etc.).
✅ 3. Companies
All registered companies must file a return — even if there is no profit.
✅ 4. AOP (Association of Persons)
Partnership firms are required to file.
✅ 5. Property Owners
If you own property above the specified value.
✅ 6. Vehicle Owners
If you own a vehicle above 1000cc (as per current tax laws).
✅ 7. NTN Holders
If you have an NTN, you are required to file a return.
💡 Why Filing is Important?
✔ Avoid penalties
✔ Become an Active Taxpayer (ATL)
✔ Lower withholding tax rates
✔ Build financial credibility
#FBR #PakistanTax
#TaxAwarness

[Shams Raza @TaxwithShams]

Why Tax Awareness Matters? 💼📊
Tax awareness is important because it helps people understand their legal responsibilities and avoid penalties.
When citizens understand tax:
✔️ They file returns on time
✔️ They avoid heavy fines and notices
✔️ They can plan their income properly
✔️ They contribute to national development
In Pakistan, taxes collected by Federal Board of Revenue help fund:
• Schools 🏫
• Hospitals 🏥
• Roads & Infrastructure 🛣️
• Defense & Public Services
Tax is not just a payment — it is a responsibility towards our country 🇵🇰
An aware taxpayer is a strong citizen.
#TaxAwareness #Pakistan #FBR #ResponsibleCitizen

[Shams Raza @TaxwithShams]

What is Tax?
Tax is a compulsory contribution imposed by the government on individuals and businesses to finance public expenditures.
In simple words, it is the amount we pay to the.
In Pakistan 🇵🇰, taxes are primarily collected by the Federal Board of Revenue (FBR).
There are two types of taxes, including:
• Income Tax (on income/profit)
• Sales Tax (on goods & services)
#TaxAwareness #PakistanTax #FBR