The Federal Tax Authority (FTA) has signed a membership agreement with Etihad Credit Bureau to strengthen bilateral cooperation and benefit from the Bureau’s services and credit information database to enhance tax compliance in the UAE.
The agreement aims to establish an electronic link between the two entities, enabling the Authority to directly access credit reports provided by the Bureau, using them to strengthen compliance with tax legislation based on authenticated and accurate information and assessments.
The agreement allows authorised personnel from the Federal Tax Authority to access taxpayers’ credit reports through Etihad Credit Bureau’s database, which facilitates and expedites tax audit procedures and ensures the accuracy of data in tax returns. Direct digital procedures using an electronic link between the Authority and the Bureau provide immediate and accurate updates on the credit status of taxpayers.
“This initiative forms part of the Authority’s plans to enhance its strategic partnerships with relevant government and private-sector entities,” said Khalid Ali Al Bustani. “It enables us to rely on efficient procedures to perform tax audits, ensure the accuracy of Tax Returns, and bring added value by saving time and effort.”
“It also allows us to benefit from flexible data communication processes, adhering to the highest standards of security, confidentiality, and data accuracy,” he added.
