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UAE Federal Tax Authority launches strategy to explore future of tax sector, aim for global leadership

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ABU DHABI – The Federal Tax Authority (FTA) has launched its strategy to explore the future of the tax sector and strive towards world-leading tax procedures. The strategy is based on a comprehensive assessment and follows a comprehensive plan for planning the future of the UAE tax system, in line with international best practice.

In a press statement issued today, the Authority explained that launching the strategy was part of its World Futures Day 2022 campaign, which began last week.

Khalid Ali Al Bustani, Director General of the FTA, said, “The FTA’s strategy to explore the future of the tax sector is primarily aimed at identifying the underlying motivations, scenarios and proactive measures needed to sustainably upgrade the UAE’s tax procedures and to promote a culture of future planning for It paved the way to become a world leader in the field.”

“Over the past few days, the Authority has organized a series of events to mark World Futures Day, including awareness workshops on methods and tools for predicting the future, highlighting the importance of FTA involvement in celebrating World Futures Day, and showcasing various An effective future planning mechanism, with detailed steps and framework,” he said.

“Furthermore, the FTA held a brainstorming session on the future of taxation, discussing the implications of future planning for the UAE’s Vision 2031, and the principles and timeline for the Authority to explore future strategies. The meeting also examined global trends predicting the future of the tax sector ,” Al Bustani added.

Al Bustani went on to point out that on the agenda of events for World Future Day 2022, the Federal Revenue Service also organized an awareness session on the role of the EmaraTax platform in strengthening free trade agreement readiness to build a more advanced tax future. The Authority also partnered with leading consulting and research firm Gartner to host a seminar on “Modern Technology Trends and Their Impact on the Tax System.”

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