Al Bustani to head tax authority

abu dhabi — The President, His highness Sheikh Khalifa bin Zayed Al Nahyan on Tuesday issued a federal decree no. (84) of 2017 to transfer and appoint Khalid Ali Al Bustani, assistant undersecretary for International Financial Relations, to the position of directorgeneral of the Federal Tax Authority (FTA), and the rank of an undersecretary in the ministry.

The director-general of the FTA will be responsible for managing the Authority’s business, and developing policies to achieve its strategic objectives, which include providing the national economy with new income sources to support its sustainable development.

Al Bustani will lead the FTA’s directives on data collection related to federal taxes and fines; the establishment of taxpayer records, as determined by existing tax laws; and the issuance of necessary directives and clarifications to taxpayers regarding their obligations towards federal taxes and fines, in accordance with the mechanisms issued by the FTA’s board of directors.

Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance, and Federal Tax Authority Chairman, said the appointment of Khalid Al Bustani is a key decision in supporting efforts to build Emirati skills and capabilities in all the country’s important sectors.