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FTA to implement Muwafaq Priviledge Package for Facilitating SMEs
Dubai September 13, 2022:
In line with the development goals set by the UAE to support small and medium enterprises, which represent the backbone of the national economy, the Federal Tax Authority (FTA) has begun designing and implementing Muwafaq Privilege Package which aims to provide innovative tax solutions to facilitate transactions for SMEs with speed, ease and accuracy.
The highlights of the Muwafaq package include:
- Acceleration of tax registration procedure.
- Preparing and offering low cost tax accounting programs to ease financial burdens of SMEs.
- Prioritization of SME procedure requests to facilitate ease of access to FTA services.
- Cooperation with service providers to offer certain taxpayers support services for SMEs.