Malik Abdul Rehman

Understanding Section 7E: A Comprehensive Guide to Deemed Income Taxation in Pakistan In this article, we delve into the interaction with Section 7E, a notable addition to the tax laws in Pakistan, and its implications for taxpayers. The introduction of Section 7E in the Income Tax Ordinance, 2001, has sparked debate due to its nature as … Read more

If you’re in Pakistan and need to get your hands on your 7E Certificate from Iris, don’t worry, it’s not as complicated as it sounds. This certificate is super important, especially if you’re buying or selling property. Let’s break down the process into easy steps: 1. Go to the Official Federal Board of Revenue Website … Read more

Taxation laws can often be complex and convoluted, especially when understanding the taxation of Conveyance Provided by Employer as outlined in Section 13 Rule 5 of the Income Tax Ordinance 2002. In this comprehensive guide, How taxation is calculated for conveyance, particularly concerning motor vehicles provided by an employer to an employee, including directors. Assessable … Read more

If you’re a Non-US Resident with a Single-Member LLC, you need to file Form 5472 and Form 1120 every year Taxation For Single Member LLC as a Non-Resident If you’re a foreigner living outside the U.S. and you’ve started a Single-Member LLC in the U.S., you’re required to file two forms every year: Form 5472 … Read more

The Comprehensive Guide to Create LLC in Wyoming: A Step-by-Step Approach” Introduction Welcome to our comprehensive guide on Create LLC in Wyoming! If you’re considering starting your own business and want to take advantage of Wyoming’s business-friendly environment, you’re in the right place. In this blog, we’ll walk you through each step of the process, … Read more

Introduction In Pakistan, rental income is subject to taxation, whether it’s earned by an individual, an Association of Persons (AOP), or a company. Understanding the nuances of how Taxation on Rental Income for each entity type is crucial for landlords and property owners. In this article, we’ll delve into the differences between how rental income … Read more

IT SECTOR TAXATION IN PAKISTAN 2024 Diving into the intricacies of the Income Tax Ordinance of 2001, we find notable adjustments across various sections IT SECTOR TAXATION IN PAKISTAN 2024: Section 4C (Super Tax): Rates increased but unlikely to be applicable to entities engaged in IT exports only due to concept of “imputable income”. 1. … Read more

Introduction In Pakistan, filing your Business Tax Return in FBR Pakistan is a crucial obligation that every business owner must fulfill. Understanding the process and requirements for business tax return filing is essential to ensure compliance and avoid penalties. This article serves as a comprehensive guide to navigating the intricacies of business tax return filing … Read more

Introduction Extension of Time for Furnishing Returns Are you aware of the provisions regarding Understanding the Extension of Time for Furnishing Returns under Section 119 of the tax laws? In this post, we’ll delve into the details of Section 119 and shed light on how individuals can apply for an extension, the grounds for such … Read more