Sheikh Maktoum takes stock of FTA's development projects

Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and Chairman of the Board of the Federal Tax Authority (FTA), chaired the latest Board meeting of the FTA, during which he reviewed the Authority's development projects aimed at continuously enhancing the legislative and procedural framework of the national tax system in line with international best practices and improving the quality of services provided to taxpayers.

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Sheikh Maktoum said that the UAE's tax system has achieved major milestones in recent years, further consolidating its role in supporting financial sustainability and enhancing the country's global competitiveness.

Sheikh Maktoum Bin Mohammed directed the FTA team to continue implementing its development and modernisation plans, intensifying efforts to sustain achievements and further strengthen the Authority’s key role in advancing the UAE's sustainable development. He emphasised the need to continuously enhance FTA services in line with the government's digital transformation strategies, with a focus on customer experience and operational efficiency, to achieve global benchmarks in service excellence.

During the meeting, Sheikh Maktoum reviewed a report on the outcomes of the corporate tax implementation, which recorded compliance rates among the highest globally. The number of corporate tax registrants surpassed 651,000 by the end of September, accompanied by significant growth in compliance related to the filing of tax returns, submission of annual declarations and timely payment of due taxes.