• New strategic partnership signed to enhance cooperation
  • Mohammad Ali Rashed Lootah: “This important initiative reflects our commitment to providing comprehensive support to the private sector by improving the business community’s ability to keep pace with the latest legislative developments.”
  • H.E. Khalid Al Bustani: “The Authority is intensifying its awareness events to enhance services for taxpayers and encourage self-compliance.”

Dubai, UAE – Dubai Chambers and the UAE’s Federal Tax Authority (FTA) have announced a new strategic partnership to promote awareness of the country’s tax system. The initiative is aimed at helping private sector companies, business owners, and investors to make smarter decisions about how they work, comply with tax laws, and achieve business growth.

The two parties will collaborate to foster a culture that supports the government’s strategic objectives and enhances the UAE’s global economic competitiveness while enabling private sector companies in Dubai to thrive and contribute to the emirate’s sustainable economic growth.

His Excellency Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, commented: “Our new partnership with the FTA will enhance awareness of tax laws and help to ensure companies in Dubai fulfil their tax obligations. This important initiative reflects our commitment to providing comprehensive support to the private sector by improving the business community’s ability to keep pace with the latest legislative developments. The UAE’s tax regime and administrative requirements have been tailored to the needs of diverse business sectors in a way that enables companies to drive sustainable economic growth, create job opportunities, and invest for the future while supporting society at large through tax revenues.”

His Excellency Khalid Ali Al Bustani, Director General of the Federal Tax Authority (FTA), said: “Signing the Memorandum of Understanding between the Authority and Dubai Chambers reflects the deep-seated bilateral collaboration and distinguished relations between the two entities, and aligns with the FTA’s strategy to enhance strategic partnerships with institutions involved with taxes in the government and private sectors. This contributes to the sustainable development of the tax system and maintains a tax environment that encourages compliance according to the best governance and transparency standards, ensuring the delivery of exceptional services to the business community, investors, and entrepreneurs.”

“We thank Dubai Chambers for its efforts and role in making this MoU a reality,” H.E. added. “We look forward to seeing tangible positive impacts, driving further development in the services provided to taxpayers, and encouraging them to ensure self-compliance. This agreement provides an effective model for collaborating on intensifying tax awareness activities and organising more workshops and informational sessions to promote a tax culture among business sectors in general, particularly in the Emirate of Dubai.”

The partnership agreement between Dubai Chambers and the FTA sets out collaboration on multiple initiatives aimed at raising awareness about the various types of tax that apply to companies in the UAE, as well as the importance of tax registration and its role in diversifying the national economy.

The two entities will jointly coordinate the organisation of specialised conferences, forums, and workshops that are tailored to the needs of the business community, with an emphasis on educating entrepreneurs, SMEs, and investors to enhance their awareness of tax procedures and requirements.

Under the terms of the agreement, both parties are set to invite attendees and participants from business delegations to participate in economic events. The FTA will host experts in the field to deliver lectures addressing entrepreneurs and investors in the emirate’s private sector. Dubai Chambers and the FTA will also work together to support small and medium enterprises (SMEs) through the FTA’s Muwafaq Package initiative, which offers innovative solutions to help businesses meet their tax obligations and organise accounting records and financial statements. The package is designed to support and empower youth in the SME sector and activate their role in various sectors of the economy.

As the engine of Dubai’s economic development and business growth, Dubai Chambers is dedicated to boosting the growth of businesses in the emirate, ensuring the success of Dubai companies overseas, and accelerating the emirate’s digital economy. The chambers’ partnership with the FTA comes as part of its ongoing drive to protect the interests of the business community and further strengthen the emirate’s position as a leading global hub for business, trade, and investment.

About Dubai Chambers:

Dubai Chambers is a non-profit public entity that supports Dubai’s vision as a global player by empowering businesses, providing innovative value-added services and access to influential networks. In March 2021, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the restructuring of Dubai Chamber and the formation of three chambers for the emirate, namely Dubai Chamber of Commerce, Dubai International Chamber, and Dubai Chamber of Digital Economy, which now operate under the umbrella of Dubai Chambers.

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For more information, please contact:
Mohamad Mouzehem
PR & Corporate Communications
Email: Mohamad.mouzehem@dubaichamber.com