Abu Dhabi
Khalid Ali Al Bustani |
President His Highness Shaikh Khalifa Bin Zayed Al Nahyan has 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 Director General 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, according to a statement from the Ministry of Finance.
Al Bustani has held several positions at the Ministry of Finance, since he joined in 1980. Before his current role as Assistant Undersecretary for International Financial Relations, he served as the Assistant Undersecretary for Resources and Budget, overseeing the International Financial Relations Department, Budget Management and Revenue Development Department.
In addition to his role and responsibilities at MoF, Al Bustani held the position of Director General of the Federal Customs Authority from 2009 to 2015.
During his career at MoF, Al Bustani participated in various projects including the establishment of the General Pension and Social Security Authority (GPSSA), the e-Dirham system, the Federal Customs Authority, Al Etihad Credit Bureau, the Federal Public Debt Law, Mortgaging of Moveable Properties as Security for Debts Law, and the Committee responsible for overseeing the establishment of the tax system in UAE.
Al Bustani received a Bachelor’s Degree in Computer Engineering with honours from Boston University, USA in 1980 and holds an MBA from Leicester University, UK (2002).
The new Director General will lead the FTA 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.
Shaikh 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.
It also serves as a step in the right direction in ensuring that the new tax structure is implemented in the best, most efficient manner in the UAE through enhancing the Federal Tax Authority’s role in carrying out its responsibilities and assigned goals, he said.
