The Federal Tax Authority (FTA) has signed a collaboration agreement with Etisalat UAE, branded as etisalat by e&, to offer a bundle of facilities and privileges for registrants in the Muwafaq package initiative soon to be launched this year to facilitate tax compliance for small and medium-sized enterprises (SMEs).
The agreement was signed at the Federal Tax Authority’s headquarters in Dubai by Khalid Ali Al Bustani, director general of the FTA, and Abdulla Ebrahim Al Ahmed, senior vice president of government business, etisalat by e&.
Al Bustani underlined the importance of signing the agreement, describing it as an effective model for collaboration to support business sectors and promote tax compliance. “The Muwafaq package was specifically designed to cater to the SMEs sector, enabling them to unleash their potential and be a driving force in the national economy, further strengthening the culture of entrepreneurship and innovation,” he said.
“Preparations to launch the Muwafaq package form part of the Federal Tax Authority’s plans to maintain an ideal tax environment that encourages compliance in accordance with the highest standards of governance and transparency,” the FTA Director General added. “This contributes to the government’s continuous efforts to encourage entrepreneurs and SMEs, considering the central role they play in the success of policies to diversify sources of income and develop the national human capital.”
Al Ahmed highlighted the relevance of this partnership to etisalat by e&, saying: “It is an honor to be working closely with the FTA on the Muwafaq package initiative that will support entrepreneurs and small businesses. At etisalat by e&, we have always worked closely with the SMEs, encouraging them with our various dedicated initiatives and also services that will help them focus on their business objectives as well as become a driving force in the economic development of the country. Thanks to the UAE leadership’s vision to position the country among the best in the world in ease of doing business, innovation and entrepreneurship.”
