Sharjah Economic Development and the Federal Tax Authority Sign Electronic Connectivity Agreement
In a move aimed at enhancing the effectiveness and efficiency of government performance, the Sharjah Economic Development Department and the Federal Tax Authority have signed an electronic connectivity agreement. This agreement aims to improve the exchange of information between the two entities, focusing on data development and security in line with global standards. The signing of this electronic connectivity agreement marks a significant milestone in Sharjah’s efforts to enhance government services and streamline procedures for investors and business owners.
Objectives of the Agreement
The agreement between the Sharjah Economic Development Department and the Federal Tax Authority seeks to enhance cooperation in various fields. Both entities will work on developing electronic connectivity channels to ensure data exchange in accordance with the highest cybersecurity standards, protecting information and ensuring its accuracy.
Strengthening Strategic Partnerships
Hamad Ali Abdullah Al Mahfoodh, Head of the Sharjah Economic Development Department, emphasized the importance of the agreement, stating that it embodies the commitment to strengthening strategic partnerships with federal entities. Al Mahfoodh added that “electronic connectivity and information exchange with the Federal Tax Authority represent an important step towards enhancing the business environment in the emirate.”
Leveraging Shared Data
Additionally, Abdulaziz Mohammed Al Mulla, Director General of the Federal Tax Authority, noted that the shared data will play a crucial role in enhancing the authority’s capabilities. Thanks to this agreement, both parties will be able to rely on artificial intelligence models to support registration and tax compliance decisions, contributing to improved accuracy of outputs and operational efficiency.
The signing of this agreement between the Sharjah Economic Development Department and the Federal Tax Authority is a key step towards developing government work and increasing the efficiency of services provided to the private sector, reaffirming both entities’ commitment to fostering sustainable cooperation and exchanging expertise to achieve shared goals.