The Executive Council is one of the most important statutory bodies of the organization which is led by the President. It consists of nine members from different countries (represented by Heads of Tax Administrations) and is elected by the General Assembly for one year term. The Executive Council brings decisions concerning operational issues of IOTA and supervises the activities carried out by the Secretariat. It has a crucial role in the preparation of the General Assembly as well, it reviews and submits reports and documents to the General Assembly. The current Executive Council (2016 – 2017) members are: Ukraine (Presidency), Bulgaria, Denmark, Germany, Lithuania, Portugal, Romania, Slovakia, Spain.