According to an FBR report submitted to the Supreme Court of Pakistan in a suo motu case regarding maintaining foreign accounts by Pakistani citizens without disclosure the same and paying taxes in Pakistan, a list of 100 Pakistani individual, who have allegedly purchased properties in Dubai/UAE, was received in FBR from the Director, Economic Crimes Wing, Federal Investigation Agency (HQ) which was forwarded to the Head of EOI Unit, Ministry of Finance, the UAE, by the Board on 16.11.2017. The UAE tax authorities through two letters on January 22, 2018 and January 28, 2018, provided the details of 55 transactions of properties made by Pakistani individuals and the copies of 32 passports. Out of these 32 cases, CNICs in 31 cases are available. Twenty-nine out of these 31 individuals are registered with the FBR.
According to the data available with FBR, most of these 29 individuals are regular filers of their income tax returns and 27 have filed last five completed tax years returns. All 29 of them have filed at least 7 out of last 10 completed tax years returns and most have filed all 10 tax years. The information has been passed on to concerned field formations to ensure the filing of any missing returns from last five completed tax years and also to check whether purchased properties have been declared by the taxpayers in their returns. The two unregistered individuals have been registered.
Data revealed that total number of cases reported by FIA is 00; properties reported by the UAE are 55; CNICs available are 31; while the number of taxpayers who have declared properties in available record is five. Directions have been issued to field formations to take action, where appropriate, and issue notices to all individuals as warranted under the law, the FBR said.