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Foreign Company Doing Business in the U.S.? Here’s a Simple Guide to Form 1120-F Why This Form Is Important If your company is registered outside the U.S. but has any kind of business activity in the United States, then U.S. taxes can apply to you. Many foreign business owners don’t realize this until it’s too […]

KPRA Delivers Strong Results: 30% Rise in Services Tax Collection in Early FY 2025–26 The Khyber Pakhtunkhwa Revenue Authority (KPRA) has performed remarkably well with a 30% growth in Sales Tax on Services during the first six months of the FY 2025-26. These results represent improved tax compliance and service sector administration in the province.

Not a U.S. Citizen but Earning in the U.S.? Here’s Your Simple Guide to Form 1040-NR Why This Form Matters If you’re doing any kind of business, job, or earning income from the United States—but you’re not a U.S. citizen—then taxes can feel confusing. Many people don’t even realize they still have to report their

Didn’t Report Foreign Income or Accounts? Here’s How to Fix It Without Stress The Reality Most People Face U.S. tax rules don’t stop when you move abroad or open a foreign bank account—but many people don’t realize that. It’s very common for taxpayers to miss reporting foreign income or accounts simply because they didn’t know

Possible Super Tax Relief for Businesses in 2026 Businesses in Pakistan might soon have more leeway when it comes to paying super taxes. Companies may be able to pay their unpaid super tax in installments until June 30, 2026, according to the Federal Board of Revenue (FBR). This concept came about as a result of

Missed U.S. Tax Filings? Here’s a Simple Way to Catch Up   Let’s face it—U.S. tax rules, especially for foreign income, can get confusing very quickly. Many people living abroad or dealing with overseas accounts don’t even realize they still have reporting obligations with the Internal Revenue Service (IRS). The good part? If your mistake

Filing your tax return doesn’t always mean everything is final. Many taxpayers realize later that something was missed, entered incorrectly, or new information has come in. The good news is: US tax law does allow corrections. However, the method by which you correct your return depends on the timing. In fact, you can even replace

Salaried Class May Get Income Tax Relief in Upcoming Reforms The government of Pakistan is looking to explore new avenues to reduce the tax burden on salaried individuals. The government is considering proposals which can reduce the rates of income tax and eliminate additional taxes, but this has to be approved by the IMF. This

Government Plans Multilingual Digital Tax System to Make FBR Services Easier The government is now introducing new measures to ensure that the tax services are more friendly and accessible to all people in Pakistan. During a recent review meeting, Prime Minister Shehbaz Sharif directed the Federal Board of Revenue (FBR) to develop tax platforms in

IMF Revises Pakistan’s Tax Target for FY2025–26: What It Means for FBR and Taxpayers ISLAMABAD, 2025: The International Monetary Fund has changed the target of tax revenue for FY2025-26 to Rs13.98 trillion, instead of Rs14.30 trillion, which was indicated in the federal budget. Such a revision is being carried out under the Second Review with