FTA Board reviews progress of ongoing project – Gulf Today

FTA Board reviews progress of ongoing project – Gulf Today

FTA Board reviews progress of ongoing project

4 hours ago

Sheikh Hamdan Bin Rashid (centre) chairs the FTA Board of Directors' meeting. File

Business Bureau, Gulf Today

The FTA Board of Directors, chaired by Sheikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Minister of Finance and Chairman of the FTA Board of Directors, has held its first meeting since the UAE Cabinet of Ministers approved the decision to reconstitute the FTA's Board of Directors.

During the virtual meeting held on Monday morning, Obaid Humaid Al Tayer, Minister of State for Financial Affairs, was elected as Vice Chairman of the FTA's Board of Directors.

During its 12th meeting, the Board reviewed a comprehensive report on the progress of ongoing development project and the FTA's recent achievements.

Sheikh Hamdan Bin Rashid Al Maktoum confirmed that the achievements reviewed by the Board demonstrated that the FTA continuously attain positive results, reflecting the strength of the national economy despite challenges faced by the global economy due to the effects of combating the spread of COVID-19. Sheikh Hamdan stated that FTA's operations results have shown growth in the number of businesses registered for VAT, including individual and tax group registrations, which increased to 335,530 at the end of