According to this agreement, Federal Tax Authority employees will have direct access to taxpayers’ credit reports via the Etihad Credit Bureau’s electronic database. This will not only facilitate and speed up tax audit procedures, but also ensure the accuracy of information presented in tax return forms. Electronic interaction with the credit bureau will also allow the FTA to quickly obtain information on the credit status of individual taxpayers.
Khalid Ali Al Bustani explained that this initiative is part of the Federal Tax Authority’s strategy to strengthen cooperation with public and private organisations. This will enable the FTA to utilise efficient procedures in conducting tax audits and flexible data transfer processes in accordance with the highest standards of security and confidentiality.
