VAT’s UP

H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum Heads 1st Meeting as Chairman of the FTA BOD

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UAE – October 27, 2021:

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and Chairman of the FTA Board of Directors (BOD), chaired the first meeting of the FTA Board.

Furthermore, His Excellency Mohammed bin Hadi Al Hussaini, Minister of State for Financial Affairs, was elected as Vice-Chairman of the FTA Board of Directors during the FTA Board’s third meeting of the year, held on October 20, 2021 at the FTA headquarters in Dubai.

A comprehensive progress report on various ongoing development projects and the FTA’s recent achievements and agenda for the future were deliberated upon. Additionally, the Board approved the Authority’s financial statements for the second quarter that ended on June 30, 2021, in accordance with international accounting standards.

H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum asserted that the Authority will continue its efforts to upgrade its services with a series of developmental plans in line with highest standards. The FTA is committed to offering its full support to business sectors and encouraging Taxable Persons to comply with tax legislation, most notably with the FTA’s advanced and integrated e-Services.

View more highlights of the meeting.