Dubai, UAE – 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).

This initiative aligned with the authority’s continuous efforts aims to spearhead major transformation projects that seek to build the most dynamic economy in the world.

The agreement was signed at the Federal Tax Authority’s headquarters in Dubai by Khalid Ali Al Bustani, Director General, FTA and Abdulla Ebrahim Al Ahmed, Senior Vice President, Government Business, etisalat by e&.  

The collaboration comes ahead of FTA’s launch of the Muwafaq package initiative that will bring together both entities to support SMEs and encouraging tax compliance among them. As part of the partnership with etisalat by e&, support services will be offered as a bundle to encourage registrants in the Muwafaq package to comply with tax regulations.

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&, he said: “It is an honour 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.”

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About Federal Tax Authorit

The Federal Tax Authority was established by Federal Decree-Law No. (13) of 2016 to help diversify the national economy and increase non-oil revenues in the UAE through the management and collection of federal taxes based on international best practices and standards, as well as to provide all means of support to enable taxpayers to comply with the tax laws and procedures. Since its inception in 2017, the FTA has been committed to cooperate with the competent authorities to establish a comprehensive and balanced system to make the UAE one of the first countries in the world to implement a fully electronic tax system that encourages voluntary compliance, with simple procedures based on the highest standards of transparency and accuracy – beginning from registration, to the submission of tax returns, to the payment of due taxes through the Authority’s website: www.tax.gov.ae

About etisalat by e&, UAE

‘etisalat by e&’ is the brand representing the UAE telecoms pillar of e& (formerly known as Etisalat Group). In line with its refreshed strategy, etisalat by e& is on a mission to unlock shareholder value, deliver outstanding customer experiences and drive optimal business performance.

Taking advantage of the age of ‘connectivity renaissance’, etisalat by e& will grow core and digital services, by enriching consumers’ value propositions with digital services that cater for consumers’ new lifestyles and emerging demands beyond basic telecom services, including areas like gaming, health, and insurance. Etisalat by e& will also continue to act as the trusted partner and advisor of enterprises by enabling their connectivity and beyond connectivity requirements

Bolstering its leadership position as the digital telco that is a customer champion in a hyper-connected digital world, etisalat by e& will pivot new, sustainable demand in future-forward spaces like private networks, autonomous vehicles, and AI.

To learn more about Etisalat by e&, please visit https://eand.com/en/telecom.jsp