Dubai: Director General (DG) of International Taxes Federal Bureau of Revenue (FBR) Dr Ashfaq Ahmed, in an event “Amnesty Structure and its Advantages” held at Pakistan Consulate in Dubai, urged overseas Pakistanis to avail the amnesty scheme, a news source reported.
The DG also briefed the attendees of the event about the currently ongoing amnesty scheme.
The event was held in association with the Pakistan Business Council Dubai (PBC) and the Pakistan Association of Dubai (PAD).
Dr Ahmed stressed that the tax amnesty scheme will conclude on June 30, 2019, and urged the Pakistani community to avail it and declare their assets. Otherwise, he warned that they should be ready for legal action even if a person was an expatriate.
Responding to questions, Dr Ashfaq said that UAE authorities have shared details about Pakistani-owned properties on the request of Islamabad, while information pertaining to their bank accounts and money parked in banks in the Emirates has been shared automatically.
The DG said that most of the foreign assets held by Pakistanis abroad were saved in the UAE, which is why the governmental body chose Dubai to request the diaspora to avail the tax amnesty scheme.
He further added that it is impossible to hide money even in tax havens these days; 28 countries shared specific data on Pakistanis’ assets this year, and another 71 countries will do so next year.