Payoneer withdrawal to local Pakistani banks is classified as ‘ATM Transfer’ and not ‘Home Remittance’ (which is tax-free), why is it so? How to prove in tax return that it’s a home remittance?

Please write a letter to your bank, requesting a Proceeds Realisation Certificate(PRC) for the transaction mentioned. The bank will check with the counter bank and confirm was indeed an incoming foreign exchange transaction and paid out from the local pre-funded account. The PRC will suffice for tax purposes to treat this as a remittance (if the […]

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Is there any social security number for people in Pakistan?

Yes, there is. The Computerized National Identity Card or CNIC as issued by NADRA (National Database Registration Authority) is the equivalent of the social security number in Pakistan. References: NADRA: National Database & Registration Authority Official Website CNIC: National Identity Card (NIC)

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