How to Apply NTN of  Joint Venture 

As per Pakistani tax law Association of Person (AOP)  is a lot bigger concept than partnership firm, it includes joint ventures, people/firms getting together for one-off- business opportunity without forming a firm, a joint family holding a property and earning rent or other commercial returns out of it. In short it any business by two or more persons, long term on short term, with a partnership agreement or without but does not include a company.

Hence a joint venture may be registered as an AOP for tax purposes, a separate NTN is obtained for a joint venture and profits of the Joint Venture is taxed separately. 

NTN of Joint Venture

Required Documents for NT of Joint Venture

Following are required documents for NTN of Joint Venture 

Copy of valid CNIC of all  Participants of Joint  Venture

NTN Number of all participants of joint venture

Rent Agreement / Ownership Documents of Premises , which shall be treated as principal office of Joint Venture

Copy of Electric bill of Principal Office of Joint Venture

Letter Head (Blank)

Joint Venture Agreement , Designed in Specially for Sharing Profit and Loss

Email, Mobile No., which have not been used in tax profile of any individual or company

Authority letter in favour of one participant or member of joint ventuer , issued by all other member s  to authorize one member to present before tax authorities for NTN registration and to receive User ID, Pin and Password