What is online ntn verification?
Online ntn verification is the process whereby you can confirm the National tax number of any Individual tax payer, firm or company through online record of Federal Board of Revenue.
Federal Board of Revenue is the body responsible for maintaining the record of all the tax payers in the country.
Why online ntn verification is done?
Online ntn verification is required for plently of reasons however one of the most important reason for verification is when you do businesses with any registered entity in Pakistan it is important to verify its legal registration for the purpose of calculation of Income tax to be witheld and any similar reason.
What are different types of online NTN verification?
In Pakistan there are three different types of business registration possibilites:
1. Registration as Sole Proprietorship
2. Registration as Partnership Firm
3. Registration as Private Limited company