Advice Regarding PSEB Registration
I am a filer. I used to work at a local company as a software engineer and had a salaried account with Faysal Bank. For the past six months, I have been working with an international company as a freelancer under a contract.
I am not using any freelancing platforms such as Fiverr or Upwork. I receive my payments from the international company through Payoneer and then transfer the money to my salaried account at Faysal Bank.
I think Payoneer deducts 1.5% when I receive the payment from the company and then deducts another 1.5% when I transfer the money to my Faysal Bank account. The bank does not deduct any taxes or charges on these transfers.
Now I have to submit my tax return to the FBR, and I am confused about what I should declare. Do I need to register with PSEB? What would happen if I register or do not register with PSEB? What should I declare in my tax return?
Please explain the implications of both options and what I should report in my tax return.