Memorandum of understanding between "Federal tax" and"Chinese taxes" To enhance joint cooperation
Dubai, November 20 / WAM / The Federal Tax Authority signed a memorandum of understanding with the State Tax Administration of the People’s Republic of China for bilateral cooperation in tax affairs.
The memorandum was signed by His Excellency Khalid Ali Al Bustani, Director General of the Federal Tax Authority, and His Excellency Jinglin Hu, Commissioner of the State Tax Administration of the People’s Republic of China.
The memorandum, which was signed at the headquarters of the Federal Tax Authority in Dubai, comes as part of the efforts made to intensify the distinguished relations between the two sides to enhance joint cooperation in tax affairs, exchange experiences and coordination in matters related to best practices in the tax sector, exchange visits, meetings, proposals and development ideas, and exchange information on the latest developments in tax policies and procedures.
The Federal Tax Authority stressed the importance of the memorandum of understanding that was signed in the presence of representatives of the Authority and the State Tax Administration in the People’s Republic of China, which comes within the Authority’s plan to expand the scope of joint cooperation and strategic partnerships at the regional and international levels, explaining that it contributes to establishing effective frameworks for joint cooperation between the two sides, in line with the Authority’s plans to establish a tax environment that encourages compliance in accordance with the best standards of governance and transparency.
She praised the level of cooperation with the State Tax Administration in the People’s Republic of China and the efforts made to conclude a memorandum of understanding between the two sides, expecting it to have tangible positive effects and contribute to opening new horizons for cooperation in the future by consolidating bilateral cooperation with China in the tax field and supporting the Authority’s efforts to sustainably develop the tax system by adopting best practices and digital technologies.
She explained that the memorandum of understanding contributes to enhancing cooperation at the level of tax application, such as the digital transformation of tax administration and training, and participating in organizing mutual visits with regard to tax administration in the UAE and the People’s Republic of China, and cooperation in other areas of common interest. It also contributes to supporting the authority’s plans to continuously improve the quality of tax services provided to customers by adopting advanced technological solutions that provide more procedural facilities and in accordance with the best standards of governance and transparency by benefiting from the exchange of experiences, which enhances competitiveness and raises the country’s global ranking, especially in the areas of Digital transformation and tax management.
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