UBL Ameen Good Citizen Account

Not a tax filer? Don’t worry, UBL Ameen will facilitate you for your tax registration & filing

The first ever especially designed Islamic current remunerative product with an aim to offer “Free Tax Facilitation” services to individuals and Sole proprietors through a reputative Independent Tax Consultant “M/s Befiler” to UBL Ameen Good Citizen accountholders to help them understand not only the importance of filing income tax return timely but also how to file the tax returns and pay taxes with peace of mind.

UBL Ameen Good Citizen accountholders can avail following two-sided benefits being an Active Tax Payer (Filer):

Benefits offered by the Bank:

• Tax Facilitation with high tax professional consultant
• Free General Banking Services (as per prevailing Ameen Schedule of Bank Charges)
• Free Accidental Takaful Coverage up to PKR 1,500,000/- (Terms & Conditions apply)
• Halal monthly profit payout
• No Minimum Balance Charges

The accountholders are classified in two categories based on active filer status of the customer:

• UBL Ameen Citizen Accountholder: This category includes Non-Filer customers with No Balance Requirement.
• UBL Ameen Good Citizen Accountholder: This category includes Active Tax Payer/ Filer customers with No Balance Requirement.

UBL Ameen Good Citizen Accountholder will also entitle for following additional benefits on maintaining PKR 500,000 or above monthly average balance.

Additional benefits:

• Free Tax Registration & Filling
• Free Takaful Coverage for Accidental, Natural Death (including COVID-19) and Hospitalization

Initial Deposit:

This account can be opened with minimum deposit of PKR 1,000.

Tax Facilitation, Registration & Return Filing Services:

UBL Ameen Good Citizen Accountholder will avail tax facilitation services with high professional tax consultant, for this purpose UBL has taken M/s. Befiler on board to facilitate UBL Ameen Good Citizen Accountholders.

The brief introduction of “M/s Befiler Private Limited” is as follows:

Befiler is a joint venture of renowned tax advisors. They aim to simplify the tax filing process for individuals; in order to promote the culture of documentation in Pakistan. Befiler makes tax filing easy for the common man who have little or no financial knowledge, without having need to engage expensive tax consultants.

• Befiler’s designated helpline (021) 38892069

Terms & Condition:

• All service charges will be levied and waived as per prevailing Ameen Schedule of Bank Charges (SOC)
• All applicable taxes including WHT & FED will be levied as per the prevailing rules and regulations.
• UBL Ameen Good Citizen Account is based on the underlying Shariah mode of “Mudarabah”
• Zakat will be applicable and deducted as per Zakat & Usher Ordinance 1980, Pakistan.
• The Bank’s role will be limited to Tax facilitation only. In case, any notice is received from Federal Board of Revenue (FBR) by the customer, the customer will be liable.

Disclaimer: The Bank shall not be liable for any action or lack therefore on the part of the third party. The customer hereby indemnifies and holds harmless the Bank against any loss, liability or damage arising from utilization of services of a third party whether if the same were referred to the customer by the Bank or not. The customer shall at all times exercise his good judgement and conduct their own due diligence prior to utilization any services recommended by the Bank or offered by a third party on behalf of the Bank.