Skardu residents' FBR returns usually cover income connected with Pakistan proper, expedition and tourism businesses and property. This page explains what to include.
Expedition Agencies
Fees from climbers against porters' wages, cooks, high-altitude staff, permits, food, equipment and transport. Equipment is depreciated.
Hotels
Room and food income against staff, food, fuel and maintenance, with buildings depreciated; seasonal income straddles two tax years.
Salaries from Pakistan Proper
Salary and withholding from certificates.
Apricot Traders
Sales against purchases, drying, packing and freight.
Property
Purchases and sales in Pakistan proper with advance tax paid.
Wealth Statement
Houses, hotels, orchards, vehicles and balances.
Checking What Applies
Where income is covered by Gilgit-Baltistan's own arrangements, it is shown accordingly so the wealth statement reconciles.
Porters and High-Altitude Staff
Porters and high-altitude workers paid per expedition usually earn below the taxable threshold, but those who want filer status can file returns showing their earnings and assets.
Government and Army Staff
Salaried staff copy their certificates.
Late Filing
A late return is accepted with the surcharge.
Jeep Owners
Fares from tourists and tour companies against fuel, repairs and drivers' wages, with the jeep depreciated.
Families with Property in Islamabad
Rent from a flat in Islamabad is declared with any tenant withholding claimed.
Hotels in Shigar and Khaplu
Heritage hotels and guest houses show room and food income against staff, food and maintenance, with buildings depreciated over their useful life.
Furniture is depreciated too.
Generators are depreciated as well.
Also see tax consultant in Skardu and NTN registration in Skardu.
Frequently Asked Questions
Is climbing equipment depreciated?
Yes, as a business asset.
Does a hotel season straddle two years?
Yes, the tax year runs July to June.
Do I list my Skardu hotel in the wealth statement?
Yes.