The UAE Federal Tax Authority (FTA) has entered into an agreement with the Etihad Credit Bureau, a federal bureau that collects credit data from banks and other organisations in the UAE. The contract was signed by Khalid Ali Al Bustani, the Director General of the Federal Tax Authority, and Marwan Ahmad Lutfi, the Head of the Etihad Credit Bureau. The main objectives of this partnership are to maintain a high level of compliance with UAE tax laws.
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.