Step-by-step checklists for IT company registration, monthly compliance, annual filings, and ongoing obligations. [All rates as of Tax Year 2025]
Complete these steps in order. Estimated time: 2-4 weeks.
| # | Task | Due Date | Authority | Applies If |
|---|---|---|---|---|
| 1 | Pay EOBI contributions (6%: 5% employer + 1% employee) | 15th of month | EOBI | 5+ employees |
| 2 | Pay provincial social security (SESSI/PESSI/ESSI) | 15th of month | SESSI / PESSI | 5/10+ employees (province-dependent) |
| 3 | File FBR sales tax return (if registered) | 15th of month | FBR | Sales tax registered |
| 4 | File provincial sales tax return (if registered) | 15th of month | SRB / PRA | Domestic services |
| 5 | Pay Workers' Welfare Fund (2%) | 31st Dec (annual) | WWF | 5+ employees |
| 6 | Deposit provident fund (1/11th of basic, if 20+ employees) | Monthly | SECP | 20+ employees |
| 7 | Pay salaries & withhold income tax | Last working day | FBR | All employers |
| 8 | Bank statement reconciliation for export remittances | Monthly | SBP | Exporters |
Most IT export companies only need items 1, 2, 7, and 8 monthly. Sales tax is 0% for IT exports, but you may still need to file a nil return if registered.
| # | Task | Deadline | Authority | Penalty if Missed |
|---|---|---|---|---|
| 1 | File corporate tax return (Section 114) | Dec 31 (or Sep 30 with extension) | FBR | PKR 40,000+ |
| 2 | File annual income tax return for directors | Dec 31 (Jul 31 for salaried) | FBR | PKR 1,000-20,000 |
| 3 | SECP annual return (Form 29 + financials) | Within 30 days of AGM | SECP | PKR 10,000-100,000 |
| 4 | Conduct Annual General Meeting (AGM) | Within 6 months of year-end | Companies Act 2017 | PKR 50,000-500,000 |
| 5 | File EOBI annual return | As per EOBI schedule | EOBI | Penalties apply |
| 6 | File provincial labor returns | Varies by province | Labor Dept | Fines possible |
| 7 | Workers' Welfare Fund annual contribution | Dec 31 | WWF | Interest + penalty |
| 8 | Renew PSEB IT/ITeS registration | Annual renewal | PSEB | Loss of 1% tax rate |
| 9 | Audit (if required — PKR 1M+ turnover or 50+ employees) | Before AGM | SECP / FBR | Non-compliance penalty |
| 10 | Balance sheet audit (mandatory for Pvt Ltd) | Before AGM | SECP | PKR 50,000+ |
| Annual income ≤ PKR 600,000 | 0% |
| PKR 600,001 - 1,200,000 | 15% of excess |
| IT exports (with NTN) | 1% final tax ✅ |
| Withholding on bank credit | 0% (IT exporters exempt) |
| Filer vs Non-filer | Non-filer: 2x higher rates |