Sharjah Economic Department and Federal Tax Authority Boost Information Exchange

The Sharjah Economic Development Department (SEDD) and the Federal Tax Authority (FTA) have signed a memorandum of understanding to enhance information exchange and e-linking between the two entities. This initiative aims to develop the government work system, increase the efficiency of data exchange, support tax compliance, and foster integration among government bodies in line with the UAE's digital transformation goals.

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the MOU embodies SEDD’s commitment to strengthening strategic partnerships with various federal entities.

The agreement is part of broader efforts to bolster institutional cooperation and refine mechanisms for exchanging data related to economic and commercial activities. This will improve data accuracy and accessibility, thereby enhancing the efficiency of services provided to customers and the business sector in Sharjah. Both parties will work on developing e-linking and data exchange channels adhering to the highest standards of cybersecurity and information protection, ensuring the provision of accurate, up-to-date data to support decision-making and improve the business and investment climate.

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this collaboration supports the integration of government roles and enhances the efficiency of services provided to the business sector.

Officials from both sides affirmed that the memorandum represents a significant step toward strengthening government integration and leveraging modern digital solutions. This is expected to positively impact service delivery and solidify the UAE's position as a global leader in digital transformation and government innovation. The agreement also underscores a commitment to continuously developing mutual cooperation mechanisms and exchanging expertise to achieve strategic goals, enhance government work efficiency, and contribute to the UAE's vision of a competitive, innovative, knowledge-based economy.

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the electronic linkage and information exchange with the Federal Tax Authority represent a significant step towards enhancing the business environment in the emirate and streamlining procedures for investors and entrepreneurs, aligning with the goals of sustainable economic development and the comprehensive digital transformation in UAE.

HE Hamad Ali Abdalla Al Mahmoud, SEDD Chairman, highlighted that the MOU embodies SEDD's dedication to forging strategic partnerships with federal entities. He stated that this collaboration integrates government roles and boosts service efficiency for the business sector. Al Mahmoud further noted that the electronic linkage and information exchange with the FTA mark a significant advancement in enhancing Sharjah's business environment and streamlining procedures for investors and entrepreneurs, aligning with sustainable economic development and the UAE's digital transformation objectives. He also pointed out that inter-agency integration and the use of modern data exchange technologies improve government service quality, increase transparency, and support the national economy's competitiveness, ultimately benefiting the business community and making Sharjah more attractive for investment.

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integration between government agencies and employing modern technologies in data exchange contribute to raising the quality of government services, enhancing transparency, and supporting the competitiveness of the national economy, which reflects positively on the business community and enhances the attractiveness of Sharjah as a leading investment destination.