UAE: Tax Compliance Service for Small Enterprises Introduced

UAE News developments

UAE: Tax Compliance Service for Small Enterprises Introduced

Albayan, 9 February 2023: The UAE’s Federal Tax Authority (FTA) will launch the “Mowafaq Package” initiative to facilitate tax compliance for small and medium enterprises in the current year.

The authority has concluded a joint cooperation agreement with “Etisalat from &e” to provide facilities and privileges within the initiative’s framework.

The agreement has been signed by the Federal Tax Authority’s Director General and the Senior Vice President of the Government Institutions Sector at “Etisalat from &e”.

It aims to enhance joint cooperation between the parties, especially on supporting small and medium-sized companies.

It also aims to encourage tax compliance.

According to the agreement, “Etisalat from e&” will provide a support package to encourage those registered in the “Mowafaq Package” to comply.

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Benjamin Filaferro