International free zone IFZA Dubai signed a collaboration agreement with Zoho, a global technology company, to provide member companies help to increase efficiency and ensure compliance with the new corporate tax system in the UAE.
Zoho, known for its online productivity, collaboration, and business applications, will provide the members of the IFZA Free Zone community with leading-edge digital tools for boosting their efficiency.
This move is part of IFZA’s commitment to support its Free Zone community in their compliance to the upcoming implementation of the new corporate tax system in the UAE.
All UAE-registered businesses are required to set up government-compliant accounting and financial book-keeping systems as part of the process for filing of corporate tax returns.
Zoho One – a cloud-based platform that enables businesses to perform all their functions on a single interface, accessible from anywhere — includes access to FTA accredited tax accounting software, Zoho Books.
This facilitates business transactions, manages customers and vendors, issues tax-compliant documents, generates reports, and files tax returns effortlessly.
The agreement offers members of the IFZA Free Zone community a Zoho starter package which includes a dedicated portal and customer support and training that enables them to quickly adopt technological solutions for their business.
Martin G. Pedersen, Chairman of IFZA, said with this agreement, IFZA looks forward to providing its global network of partners and licensees an easy-to-use platform that would help them to build not only their business but, more importantly, strong relationships with their customers.
Hyther Nizam, President – MEA at Zoho, said the company was happy to partner with IFZA and offer businesses associated with the free zone access to enterprise applications at an affordable price, lowering the entry barrier to technology adoption.
“With Zoho, these businesses can easily digitise all their operations, from front office operations like sales and marketing to back-office operations such as accounting and HR,” he said. Leveraging Zoho’s unified platform of over 45 integrated apps, these businesses can automate processes and streamline their operations to accelerate growth, Nizam said.
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