Filing Your Annual Income Tax Return as a Small Business
Quick answer
File your annual income-tax return through FBR IRIS by declaring your business income, allowable expenses, and any withholding tax already deducted, then submit before the deadline (usually 30 September for individuals/AOPs). Filing keeps you on the Active Taxpayer List, which lowers your withholding-tax costs across the year.
| Tax-free threshold (salaried) | PKR 600,000 / year |
|---|---|
| Top marginal rate | 35% (+9% surcharge over PKR 10m) |
| Why file | Stay on the Active Taxpayer List |
Sources · reviewed by BuzIntel editorial
Step by step
- Gather your records. Compile sales/revenue, expense receipts, bank statements, and certificates of any tax already withheld on your behalf (banking, contracts, utilities).
- Compute taxable income. Subtract allowable business expenses from revenue. Keep documentation — undocumented expenses can be disallowed in an audit.
- File on IRIS. Log in to IRIS, complete the income-tax return form and wealth statement (for individuals), claim withholding-tax adjustments, and submit before the deadline.
- Keep proof. Save the submitted return and payment receipt. These prove filer status and are needed for loans, visas, and tenders.
Frequently asked questions
+Do I have to file if I made a loss or little income?
Filing is still strongly advisable to maintain ATL status and lower withholding taxes; many businesses below the taxable threshold file a 'nil' or low return to stay active.
+Can I file myself?
Yes, IRIS is self-service, but a tax consultant helps with expense treatment, adjustments, and the wealth statement to avoid notices.
Related on BuzIntel
Want your tax handled properly?
Book a 1-on-1 call with a tax consultant to plan your filing, registration, or refunds — and stop overpaying.
Talk to a tax consultant: Book a call for PKR 1,000 →30-minute 1-on-1 · flat PKR 1,000 · online or phone