300 Pakistanis owning properties in UAE to get notices

Observer Report

Islamabad

The federal government has decided to issue notices to 300 Pakistani nationals who own properties in the United Arab Emirates, sources informed Geo News Saturday. The sources said that notices will be sent to individuals who own six or more properties in UAE. They will be inquired about their sources of income and tax paid by them.
Officials have also compiled a list of such individuals, the sources said further. According to the list, Waqar Ahmed owns 22 properties in Dubai, Mohammad Khan owns 18; Zafar Ali, Noshad Haroon and Mohammad Ameen have 12 properties each.
It is pertinent to note here that Pakistan and Dubai have signed a double taxation treaty, which bounds investments in Dubai to be shown in the wealth tax statements in Pakistan. In February this year, the Federal Board of Revenue) had listed 400 Pakistanis who own real estate in UAE, after the revenue minister announced an investigation into the matter.

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