FTA Showcases UAE Tax System at Belt and Road Initiative Tax Administration Cooperation Forum
The Federal Tax Authority (FTA) made a significant impact at the fourth conference of the Belt and Road Initiative Tax Administration Cooperation Forum (BRITACOF) in Tbilisi, Georgia. This three-day event attracted notable international participation and served as a platform for the FTA to highlight the development stages of the UAE tax system.
Fostering International Cooperation
H.E. Khalid Ali Al Bustani, Director General of the FTA and Vice President of BRITACOF, emphasized the achievements made by the forum over the past four years. He highlighted the role of BRITACOF in facilitating cooperation in the tax sector and strengthening coordination among the countries involved in the Belt and Road Initiative (BRI).
Commitment to Belt and Road Initiative
The FTA delegation, led by H.E. Al Bustani, included key officials such as Sara AlHabshi, Executive Director of Tax Affairs Sector, and Saida Kaddoumi-Osman, Acting Director of the Tax Policy and International Relations Department. The conference also saw the presence of H.E. Ahmad Ibrahim Al Nuaimi, Ambassador of the UAE to Georgia.
Strategic Partnerships and Technological Advancements
H.E. Al Bustani stressed the importance of the FTA’s participation in these conferences as a means to shed light on the technological, legislative, and procedural advancements in the UAE’s tax sector. The authority is committed to continued cooperation and coordination with its partners in the tax sector, particularly within the countries involved in the Belt and Road initiative, aiming to enhance tax procedures and systems through digital transformation.
UAE Tax System Overview
Sara AlHabshi delivered a comprehensive presentation, offering an in-depth overview of the UAE tax system and the FTA’s ongoing development plans to ensure high levels of tax compliance and fairness in the application of tax legislation. She specifically highlighted the advanced and transparent tax dispute resolution procedures adopted by the FTA, providing taxpayers with options to address tax assessment and dispute resolution.
Collaborative Efforts and Dialogue Sessions
The forum facilitated notable cooperation among tax authorities from countries participating in the Belt and Road initiative. It included dialogue sessions addressing various topics such as improving the tax environment, transparency of rule of law in taxation and tax administration, reducing the burden of taxes and fees, streamlining tax compliance, information technology and tax environment improvements, facilitating tax compliance, and dispute resolution mechanisms.
Conclusion
The FTA’s participation in the BRITACOF conference reflects its commitment to fostering international cooperation, sharing expertise, and contributing to the development of advanced tax systems. By showcasing the UAE’s tax system at this global platform, the FTA is actively promoting best practices and embracing digital transformation to enhance tax procedures and compliance.
