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The UAE Tax Authority has signed a cooperation agreement with Etihad Credit Bureau, a federal organization that collects credit information from financial and non-financial institutions in the UAE. The Tax Authority plans to utilize the services of the Bureau and its credit information databases to enhance compliance with tax legislation in the UAE.
Electronic communication will be established between the organizations, allowing the Tax Authority direct access to credit reports provided by the Bureau. This will streamline and expedite tax audit procedures and ensure data accuracy in tax declarations.
The agreement was signed by the Director-General of FTA, Khalid Ali Al Bustani, and the Director-General of Etihad Credit Bureau, Marwan Ahmed Lutfi, at the FTA headquarters in Dubai.
