The Federal Tax Authority (FTA) has announced the registration of intellectual property for the "Muwafaq" package, which has been specifically developed to support small and medium-sized enterprises (SMEs) in the United Arab Emirates.

The Federal Tax Agency (FTA) said in a statement, More than 103,500 participants participated in 260 face-to-face and virtual awareness events it organized in 2023 and the first half of 2024.

The Federal Tax Authority (FTA) said in a statement that it has approved a total of 30,920 applications for VAT refunds of 2.54 billion dirhams submitted by UAE nationals.