Abu Dhabi: In line with the launch of the Abu Dhabi Chamber of Commerce and Industry’s (ADCCI) new strategy for the next three years, the Chamber has signed three Memoranda of Understanding (MoUs) with the Federal Tax Authority (FTA), the Statistics Centre - Abu Dhabi (SCAD), and eBay, to support the private sector in the Emirate of Abu Dhabi and enable it to reach its full potential.
Mohamed Helal Al Mheiri, Director General of the Abu Dhabi Chamber, stated, “The Chamber began the execution of its new strategy, which has already started bringing about positive outcomes, especially with the signing of these agreements.”
The MoU with the Federal Tax Authority aims to enhance cooperation and coordination in joint programmes, initiatives, and projects and establish working committees to overcome the challenges facing the private sector in the emirate.
Under the terms of the MoUs, the two parties will also organise meetings and workshops for private companies and the business community to raise awareness about the tax regulations introduced in the UAE and enable them to take the necessary measures to ensure compliance with them.
Khalid Ali Al Bustani, Director General of the Federal Tax Authority, said: “The agreement between the Authority and the Abu Dhabi Chamber aims to strengthen cooperation to continue improving the services that support and assist businesses. This aligns with the Authority’s plans to maintain an environment that influences tax compliance by following the best standards of governance and transparency. The Authority is committed to strengthening its strategic partnerships with the public and private sector, which play a key role in successfully implementing the tax system.”
The Chamber also signed an MoU with the Statistics Centre - Abu Dhabi (SCAD) to enhance cooperation between the two sides in data, exchange of experiences and knowledge, and developing statistical capabilities and competencies.
As part of the MoU, the two parties will provide accurate statistical products and develop and implement effective methodological frameworks and policies for data management through modern electronic systems, which will contribute to the organisation and integration of statistical work and support decision-makers in the emirate.
Furthermore, the Chamber signed an MoU with eBay as part of its efforts to support the e-commerce sector. As part of the MoU, members of the Chamber will receive a free subscription to the eBay store for three months and have the opportunity to take part in training courses, which are specifically designed to teach them how to create a new digital store and expand into an existing store on the eBay platform.
Jenny Hui, General Manager, of Global Emerging markets at eBay, said: “There are already many UAE businesses successfully selling on eBay, and in fact, an item from the UAE is sold on eBay every 2 minutes. We are excited and honoured to cooperate with our partner, the Abu Dhabi Chamber of Commerce, to help many more local businesses take their business globally, with unique support and benefits from eBay.”
The Abu Dhabi Chamber has launched its new three-year strategy for 2023-2025, which centres on serving the Abu Dhabi Economy and solidifying its position as the 'Voice of the Private Sector.'
In line with its new strategy, the Abu Dhabi Chamber aims to empower the private sector in Abu Dhabi and enhance its competitiveness, making Abu Dhabi the first choice in the MENA region for doing business by 2025.
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