+92-3125511770 admin@makemefiler.com

Blog

income tax return

A Comprehensive Guide to Filing Your 2023 Income Tax Return in the United States

Introduction Filing income tax returns is a requirement imposed by the United States government on most citizens and residents. It is an annual process that helps individuals report their income, claim deductions and credits, and determine their tax liability. The...
European Union

Exploring the European Union’s Proposed Wealth Tax: Trends, Impacts, and Repeals

The European Union's Pursuit of a New Wealth Tax for Revenue Generation The European Union (EU) is considering the implementation of a new wealth tax as a means to increase its revenue from internal sources. This tax would contribute to funding the EU budget and...
Tariffs

Tariffs Imposed by the Trump and Biden Administrations

Under the Trump administration, a series of tariffs were imposed, resulting in an $80 billion tax increase on imports valued at $380 billion (based on 2018 figures). These tariffs affected various products, including those from China, such as steel, aluminum, washing...
EU commission's

EU Commission’s Temporary Resource: Company Profits

Introduction In an effort to strengthen the European Union's budget as it tackles its debt, the EU Commission's has put forward a new source of revenue known as a "temporary statistical own resource based on company profits." While previous proposals for new EU own...
fuel tax rates

European Fuel Tax Rates 2023: Gasoline and Diesel Excise Duties in EU

European Fuel Tax Rates in 2023 Introduction In light of the significant energy price surges experienced in 2022, several European nations implemented temporary fuel tax reductions to alleviate the burden on their citizens. However, as of 2023, most European countries...
IRS Direct eFile

Streamlining Tax Filing: Exploring IRS Direct eFile & Prefilled Returns

Introduction The Internal Revenue Service (IRS) has recently conducted a study on the viability of implementing a government-operated direct file program for taxpayers. This study precedes the agency's planned launch of a Direct eFile pilot program during the upcoming...
Inflation Reduction Act

Inflation Reduction Act’s Green Energy Tax Credits: Unveiling the Rising Costs

The Troubling Price Tag of the Inflation Reduction Act's Green Energy Tax Credits The price tag of the Inflation Reduction Act's green energy tax credits is significantly higher than initially anticipated. Recently, the Joint Committee on Taxation (JCT) provided a...
tax policy changes

Tax Policy Changes: A Comprehensive Overview of State-Level Reforms

Introduction The June solstice has come and gone, officially ushering in the summer season and marking the conclusion of most state legislative sessions. As this time of the year unfolds, numerous states are initiating policy modifications that were enacted during...
Spanish elections

Spanish Elections 2023: Impact on Tax Reforms and European Policies

The Impact of Spanish Elections: A Catalyst for Pro-Growth Tax Reforms Spanish Prime Minister, Pedro Sánchez, surprises everyone by calling for a snap national election on July 23, just three weeks into the Spanish presidency of the Council of the European Union....
partnership

How to Register a Partnership: A Step-by-Step Guide for Partnership Firms in Azad Kashmir & Pakistan

Partnership is a popular form of business ownership in Azad Kashmir and Pakistan. It is a type of business structure where two or more people come together to run a business, share profits, and losses. Registering a partnership firm is mandatory in Pakistan and Azad...

TAX UPDATE | TAXATION OF SALARY IN PAKISTAN | TAX YEAR 2023

Applicable July 01, 2022 to June 30, 2023 as updated vide the Finance Act, 2022  ABOUT THIS WRITE-UP The purpose of this write-up is to briefly summarize the concept of computation of income from salary and computation of tax thereon under the Income Tax...

Beware of Fraudulent Emails – Phishing Scams

Beware of Fraudulent Emails – Phishing Scams

Disclaimer: The Federal Board of Revenue (FBR) never emails taxpayers asking for their PINs, passwords, or other login credentials for credit cards, banks, or other financial accounts. BACKGROUND There are numerous attempts made by people and organisations to obtain...

Income Tax Ordinance

Income Tax Ordinance

GOVERNMENT OF PAKISTAN FEDERAL BOARD OF REVENUE (REVENUE DIVISION) ….   INCOME TAX MANUAL PART I   INCOME TAX ORDINANCE, 2001   AMENDED UPTO 30th JUNE, 2022 INCOME TAX ORDINANCE, 2001 AMENDED UPTO 30.06.2022 TABLE OF CONTENTS   SECTIONS CHAPTER 1...

© Search Anything 2024 All rights reserved.