Meezan Freelancer Account is a Rupee and Foreign currency based personal account available as both Current and Savings variants and has been designed exclusively for freelancers. Freelancers can now easily receive their work payments / remittances directly into their personal accounts and enjoy various benefits of a full-fledged account.
|Tax Facilitation Services||Applicability||Discounted Rates (Rs.)|
|One-time fee for NTN registration with FBR||Non-Business Individuals||200|
|One-time fee for registration for both Income and Sales / Service Tax with FBR and / or Provincial Revenue Authority||Business Individuals||3,000|
|Annual Income Tax Return (Per Return)||Non-Business Individuals||2,000|
|Annual Income Tax Return (Per Return)|
|Only export (goods / services) based income - turnover up to Rs. 5 million||Business Individuals||2,000|
|Local income or export-based income exceeding Rs. 5 million||3,000|
|Monthly Sales Tax Filing (Per Return)|
|Only export based income||Individuals||1,000|
|Freelancer with local income||1,500|
|Other Local Business Income|
|Annual turnover up to Rs. 5 million||Individuals||3,000|
|Annual turnover up to Rs. 10 million||6,000|
|Annual turnover exceeding Rs. 10 million||12,000|
Disclaimer: The Bank's role will be restricted to offering customers the option to avail services from Befiler at a discounted price. Tax filing services will be provided solely by Befiler, and the final decision to avail these services rests with the customer.
On agreeing to become a Freelancer Account holder, the customer enters into a relationship based on Mudarabah with Meezan Bank. Under this relationship, the customer is an Investor (Rab-ul-Maal) and the Bank is the Manager (Mudarib) of the funds deposited by the customers. The Bank allocates the funds received from the customers to a deposit pool; funds from the pool are utilized to provide financing to customers under Islamic modes that include, but are not restricted to Murabaha, Ijarah, Istisna and Diminishing Musharakah.
Current Account (Pak Rupee / Foreign Currency) is based on Qard contract. The Bank can use these funds for investment and other purposes. This account allows you the peace of mind of having your money safely deposited with a bank with the additional assurance that the Bank is not investing your money in activities that contravene Shariah principles.