SEDD And FTA Collaborate To Enhance Tax Compliance And E-Linking For Businesses

Hamad Ali Abdalla Al Mahmoud, Chairman of the Sharjah Economic Development Department (SEDD), hosted a delegation from the Federal Tax Authority (FTA) led by Khalid Ali Al Bustani, Director-General of FTA. The gathering aimed to strengthen cooperation to support the business sector, investors, and customers in achieving sustainable economic development across various sectors in the UAE.

The meeting focused on raising awareness about tax compliance among registered business owners licensed in Sharjah. Discussions highlighted methods to improve compliance by submitting tax returns according to the country's tax laws and regulations. This initiative aims to foster a culture of compliance within the business community.

Hamad Ali Abdulla Al Mahmoud emphasised the strategic partnership with the Federal Tax Authority, commending its efforts to enhance the tax system nationwide. He stated that SEDD is committed to collaborating with partners to provide services aligned with international best practices, supporting various economic sectors and enhancing integration in operations.

The meeting also addressed developments in an electronic linkage project between SEDD and FTA. This project aims to enhance procedure efficiency and secure data exchange, thus improving service quality and transparency. Such initiatives are crucial for fostering trust and reliability within the business environment.

Khalid Ali Al Bustani expressed gratitude towards SEDD for its continuous cooperation in enhancing taxpayer services. He noted that this collaboration serves as an effective model for mutual action, intensifying tax awareness activities and encouraging compliance among businesses, particularly in Sharjah.

Strategic Partnerships

Al Bustani highlighted that strengthening partnerships with relevant entities in both public and private sectors is vital for developing a sustainable tax system. These collaborations ensure a conducive tax environment that encourages compliance while providing excellent services to businesses, investors, and entrepreneurs.

Al Mahmoud mentioned that SEDD aims to elevate tax compliance levels among establishments by creating an organised work environment consistent with best practices. This approach positively impacts economic development in Sharjah specifically and across the country generally.

Future Cooperation

Both parties underscored the importance of ongoing cooperation aligned with government service standards. Regular meetings play a significant role in achieving shared goals of supporting tax compliance, developing the business environment, accelerating development processes, enhancing investment activity, and unifying efforts.

With inputs from WAM