MENA Newswire News Desk: The UAE, represented by its Federal Tax Authority (FTA), actively participated in the BRICS meeting of tax officials and experts held in Moscow from September 24-26, 2024. The event brought together tax authorities from the BRICS nations – Brazil, Russia, India, China, and South Africa – to discuss collaborative tax policies and strategies for future economic growth.
Khalid Ali Al Bustani, Director General of the FTA and head of the UAE delegation, emphasized the significance of the BRICS meetings as a platform for fostering global economic cooperation. Al Bustani highlighted the UAE’s commitment to sustaining balanced strategic relations with the BRICS nations, focusing on adapting to evolving global financial frameworks. He noted that the discussions during the meeting were pivotal in advancing collaboration in tax and financial matters through the exchange of expertise and knowledge among member states.
During the conference, Mikhail Mishustin, Prime Minister of Russia, met with the UAE delegation, underlining the importance of joint efforts in the tax sector. Discussions centered on enhancing tax frameworks to support economic growth. Additionally, the UAE delegation held a key meeting with Daniil Yegorov, Director General of the Federal Tax Service of Russia, where the two sides explored avenues for further cooperation and expertise sharing in tax regulation.
The BRICS tax officials and experts focused on strengthening the global tax regulatory frameworks and financial policies. The discussions aimed at improving the efficiency of tax systems and ensuring better coordination between BRICS countries. Specialized sessions during the meeting explored a wide range of topics, including modern tax management practices, customer-centric approaches to service delivery, data-driven tax policy, and methods to improve value-added tax systems. Additionally, there was a focus on human resources management within tax administrations and encouraging the participation of youth and women in the tax sector.