Cooperation between the Federal Tax Authority and Mohammed bin Rashid Housing

Dubai (Etihad)

The Federal Tax Authority concluded a memorandum of understanding with the Mohammed bin Rashid Housing Foundation to strengthen the strategic partnership between the two sides, expand the spread of tax culture, and organize joint activities to improve and to continuously introduce mechanisms for the implementation of tax legislation and procedures in general, especially in terms of the means of benefiting from the resources provided for refunds to citizens of value added tax paid About building their new homes in implementing the vision of the wise leadership which aims to develop a modern housing system to make citizens happy and give them a decent and sustainable life.

The memorandum of understanding was signed by Khaled Ali Al Bustani, Director General of the Federal Tax Authority, and Omar Hamad Bushahab, Executive Director of the Mohammed bin Rashid Housing Foundation.

The memorandum of understanding, which was signed at the Corporation’s head office in Dubai, aims to improve relations between the Authority and the Corporation, cementing the foundations of cooperation in various areas, and coordinate to launch various campaigns and events to raise awareness of its importance. and ways to comply with tax legislation and procedures.

Khaled Al-Bustani said: “This step contributes to the establishment of an effective framework for cooperation between the two sides, which will support the Authority’s plans to establish a tax environment that promotes compliance according to the highest regulatory and transparency standards.” better, through continuous awareness. We intend to reach all sections of society, especially citizens, as the Authority implements Tax legislation that reflects the government’s moves to ensure the well-being of citizens One of the most prominent measures in this area recently launched their smart application “Maskan,” which gives citizens more resources to pay the tax paid by “Construction of their new homes, which is responsible for not getting a paper on back procedures with 100% fully digital mechanisms.”

He said: “The Federal Tax Authority is keen to strengthen its strategic partnerships with government and private entities, in line with the principles of the UAE for the next fifty years, based on the awareness of the importance of the important role of these partnerships. in maintaining the successful implementation of the tax system, and increasing the rates of voluntary self-compliance accurately and efficiently.” By concluding a memorandum of understanding with the Mohammed bin Rashid Housing Foundation, a new perspective will be opened to strengthen cooperation to further improve tax awareness among those. relating to the tax system and related sectors, including the rights and responsibilities of all relevant parties, identifying any obstacles they may face to address them, and providing them with the necessary knowledge resources.”

For his part, Omar Hamad Bushahab, Executive Director of the Mohammed bin Rashid Housing Foundation, said: “We at the Mohammed bin Rashid Housing Center are pleased to work with the Federal Tax Authority in this important initiative. It is essential to spread tax awareness among citizens, especially in relation to house construction. This cooperation contributes to achieving our goal to allow citizens to build their homes easily and easily, according to the vision of our wise leadership to provide a decent and sustainable life to every citizen. Through this partnership, we look forward to providing citizens with all the necessary resources to reclaim value added tax on housing construction, by providing the necessary information and guidance , and simplifying the procedures related to that.”

The memorandum of understanding aims to increase cooperation between the Federal Tax Authority and the Mohammed bin Rashid Housing Foundation in many areas, including the implementation of a set of workshops to spread tax awareness among sectors of the business community, informing them continuously about developments in tax legislation and procedures, and coordinating participation in economic events and meetings with Trade delegations in areas related to the tax sector, and cooperation in holding special conferences, seminars and workshops that are within the scope of work of each side.

It also aims to organize joint activities to highlight the importance of compliance with tax legislation, and the important role of the tax system in supporting the state’s efforts to diversify the -expand the national economy and increase sustainable sources to achieve greater well-being for all. citizens, residents and visitors It also aims to support the Federal Tax Authority’s strategic plan for tax awareness and education. for them, and the standards, requirements and methods for tax compliance.