His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Governor of Dubai, Deputy Prime Minister, Minister of Finance and Chairman of the Board of the Federal Tax Authority, led new facilities to simplify and speed up tax refund procedures for citizens to build their homes through the Authority’s “electronic services” platform.
His Highness said, while presiding over the board of directors of the authority, that “the work plans of the authority in the next stage will depend on the principles of the State for the next 50 years and the determinants of the new methodology of government work.” .
First meeting
In detail, the Board of Directors of the Federal Tax Authority held its first meeting yesterday, headed by His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Governor of Dubai, Deputy Prime Minister, Minister of Finance and Chairman of the Board of the Authority . Directors.
During the meeting, the Minister of State for Financial Affairs, Muhammad bin Hadi Al-Husseini, was elected Vice Chairman of the Board of Directors of the Federal Tax Authority.
The Board approved the Authority’s financial statements for the second quarter and for the period ending June 30, 2021, in accordance with international accounting standards related to the review of quarterly financial statements.
Upgrades
The Council also reviewed, during its meeting, which was held at the authority’s headquarters in Dubai, a comprehensive report on the progress of ongoing development projects, the achievements of the authority over the past period and its future plans.
The report showed that the authority maintained good performance rates in its work sectors, including the electronic value-added tax refund service to citizens in the construction of their newly built homes, as the number of approved refund requests of taxes to citizens increased significantly. , during the past year and the elapsed period of this year.
Development
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum stated that the authority will continue to implement its development plans to improve the level of its services according to the best standards, provide all means of support to support the business sectors and encourage them to Comply with legislation and tax procedures, through the authority’s integrated electronic system.
Installations
His Highness ordered that more efforts be made to contribute to the well-being of citizens and residents in the country, especially with regard to the return of value added tax to citizens paid for the construction of their new homes, highlighting the need to introduce new facilities to simplify and streamline tax refund procedures for citizens through the authority’s “electronic services” platform. In implementing the vision of wise leadership to develop a modern housing system for citizens, and provide them with the best standards of living and a comfortable life for them, since they are the focus of development plans and the main objective of all the initiatives and projects implemented by all state institutions.
His Highness Sheikh Maktoum bin Mohammed said: “The work plans of the Federal Tax Authority for the next phase will depend entirely on the principles of the United Arab Emirates for the next 50 years, which were adopted by His Highness Sheikh Khalifa bin Zayed. Al Nahyan, President of the State, and on the determinants of the new governmental work methodology launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and ruler of Dubai, which constitutes a sheet of route to build a more prosperous future keep pace with successive changes and overcome regional and global challenges with the highest levels of efficiency, continue the process of national development in all fields at rapidly increasing growth rates.
Operational efficiency
The performance indicators report, which was reviewed by the Board of Directors of the Federal Tax Authority, showed an improvement in the operational efficiency of the authority’s systems, since the number of registered for the value added tax amounted to about 352,590 registered companies, taxes. groups and their members at the end of the third quarter of this year, compared to 326,820. Registered at the end of the same period of the previous year, an increase of 7.9%.
