MULTAN: The Federal Board of Revenue Regional Tax Office has selected one taxpayer for audit who made investment in Dubai’s real estate.
Source told Customs Today that the Federal Board of Revenue has provided complete details to the Regional Tax Office Multan about the taxpayer who made investment in Dubai’s real estate.
The Federal Board of Revenue detected 31 taxpayers in their initial interrogations and found that Regional Tax Office taxpayer Safina Syma Khar Malik Ghulam has invested in Dubai real estate who is a registered taxpayer of Regional Tax Office Multan and he has been selected for tax audit by RTO authorities due to investment in real estate of Dubai.
Sources told that the said taxpayer has property in the Al-Thanyah third community and building’s name was Al-Thayyal. The authority of the Regional Tax Office has scrutinized taxpayer’s wealth statement of filed tax returns in 2013-14 to determine the wealth of taxpayer.
Further details revealed that taxpayer is registered in the jurisdiction of Regional Tax Office Multan and authorities of Regional Tax Office Multan have formed a special committee for probing the foreign assets of taxpayers who did investment in Dubai.
Deputy commissioner Multan Zone Shahid ul Hassan Chattha has been appointed for making interrogation in the assets of the taxpayer and they have also asked the taxpayer to produce record of land purchase in Dubai and Regional Tax Office Multan has also contacted NADRA for complete family members record.
The Regional Tax Office has selected the said taxpayer for audit because it has investment in Dubai and he has not submitted any details about his investment.
The FBR’s RTO office widened the scope of its probe into UAE’s real estate investment to fetch details of transactions carried out by Pakistani investors in Dubai. The Regional Tax Office will take action against taxpayers after the completion of their scrutiny.
