Being a Pakistani citizen, it’s our responsibility to contribute towards the progress and prosperity of our nation. One of the key roles of every citizen is to pay their taxes regularly and in a transparent manner.
UBL is offering a unique new banking product, UBL Good Citizen Account. As an Active Tax Payer, you can avail multiple benefits being offered by our state, but with this product, you can avail several additional benefits as a reward from UBL.
UBL Good Citizen Benefit
I. Benefits offered by the state:
Lower tax rates on at source deduction on profits
Lower tax rates on buying, selling & transferring of motor vehicles & property
And much more, under tax laws.
II. Benefits offered by UBL:
Tax facilitation with highly professional tax consultants - BeFiler
Free General Banking Charges & Fees
Free Debit Card
Free Accidental Death and Disability Insurance
Additional benefits, if the customer maintains Rs.5 lakh monthly average balance:
Auto loan or home loan or small business loan at a current effective rate of 12.5% p.a.
Free ATM cash withdrawals from any bank, anywhere in Pakistan
Free funds transfer to any bank, anywhere in Pakistan via UBL Digital App, internet banking and ATMs
The UBL Good Citizen Account will be opened through existing account opening procedures (through branches).
An independent tax advisory firm has associated itself with UBL in order to render their professional services. It comprises of specialised teams with diverse experience to assist UBL Good Citizen Account customers with professional tax advisory and filing of tax returns at a discounted rate of Rs. 2200/-.
Registration: Rs. 400
Tax Filing: Rs. 1800
However, UBL's role is limited as a facilitator between BeFiler and the potential customers of the product.