H.E. Khalid Al Bustani, Assistant Undersecretary for International Financial Relations at the UAE Ministry of Finance, is appointed to the position of Director General of the Federal Tax Authority with the rank of an Undersecretary.
In his new role, H.E. Khalid Al Bustani (biography) will be responsible for managing the Federal Tax 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.
H.H. Sheikh 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.
Al Bustani has made valuable contributions in supporting the Ministry of Finance’s ability to manage the UAE’s financial policies. He also played a key role in launching a number of projects and initiatives which enhanced the Ministry’s services and overall performance. We have complete confidence in Al Bustani’s abilities to achieve the Authority’s strategic goals, in line with the Government’s overall vision to promote sustainable and comprehensive growth for the UAE.”
H.E. Khalid Al Bustani possesses vast practice knowledge in the financial policy field, where he previously held the role of Assistant Undersecretary for International Financial Relations at the Ministry of Finance. He made numerous valuable contributions which led to elevating the Ministry’s operations during his time there, where he was exposed to various areas, including financial management, international financial relations, and technology and data.
During his time at the Ministry, he also managed the international financial relations sector and the UAE’s financial relations with the GCC, the Organisation for Economic Co-operation and Development, regional and international organisations and funds, Global Forum on Transparency and Exchange of Information, in addition to overseeing negotiations and agreements relating to the avoidance of double taxation, and agreements pertaining to protecting and encouraging investments.
H.E. Khalid Al Bustani expressed his happiness and humble thanks to the UAE’s wise leadership for this great national responsibility he has now been entrusted with.
He also expressed his appreciation to H.H. Sheikh Hamdan bin Rashid Al Maktoum and the Authority’s Board of Directors for their valuable recommendation to appoint him to the role of Director General of the Federal Tax Authority. He revealed that he will use his extensive experience to achieve the FTA’s objectives, and enhance its role as a leading national institution that serves the growth and development of the national economy, and provides the best services to its clients.
For more information, visit http://www.mof.gov.ae/.