Sharjah: Hamad Ali Abdalla Al Mahmoud, Chairman of the Sharjah Economic Development Department (SEDD), recently hosted a delegation from the Federal Tax Authority (FTA) led by Khalid Ali Al Bustani, Director-General of FTA, at the SEDD main building. The primary focus of the meeting was to enhance cooperation, aiming to equip the business sector, investors, and customers with the necessary capabilities to achieve sustainable economic development in line with the directives of the UAE's leadership.
According to Emirates News Agency, the discussions centered on raising awareness of tax compliance among registered business owners licensed in Sharjah. The meeting highlighted strategies to improve compliance with tax return submissions, ensuring alignment with the nation's tax laws and regulations. Additionally, the progress of the electronic linkage project between SEDD and FTA was addressed, which aims to enhance procedural efficiency and secure data exchange, thereby improving service quality and transparency.
Hamad Ali Abdulla Al Mahmoud emphasized the importance of the strategic partnership with the Federal Tax Authority, commending its role in developing the country's tax system. He reiterated SEDD's commitment to cooperating with various partners to deliver services adhering to international best practices, thus supporting various economic sectors and fostering better integration and support for Sharjah's business community.
Khalid Ali Al Bustani expressed that this collaboration is vital for strengthening relations between the two entities. He highlighted the Authority's dedication to fostering strategic partnerships in the tax sector to sustainably develop the tax system, encourage compliance, and ensure high-quality services for the business community. Al Bustani also acknowledged SEDD's efforts in enhancing services for taxpayers and promoting self-compliance.
Both parties concluded the meeting by underscoring the significance of future cooperation aligned with government service standards. They agreed on the importance of holding regular meetings to further their shared goals of supporting tax compliance, developing the business environment, promoting investment activity, and unifying efforts in these domains.