The Emirati Talent Competitiveness Council (ETCC) has signed a Memorandum of Understanding (MoU) with the PwC Academy,aims at developing Emirati talent skills.

The Emirati Talent Competitiveness Council (ETCC) has signed a Memorandum of Understanding (MoU) with the PwC Academy,aims at developing Emirati talent skills and efficiencies through training courses in taxes, which come at a time when UAE is implementing a new corporate taxes ecosystem.

The signing ceremony, held at the Ministry of Finance headquarters (MoF) in Dubai, was attended by Mohamed bin Hadi Al Hussaini, UAE Minister of State for Financial Affairs,Ghannam Al Mazrouei, ETCC Secretary-General, Khaled Al Bustani, Director-General of the Federal Tax Authority, and PwC’s partners.

The MoU will help employees enable their corporations to settle their financial status and comply with new taxation laws.

According to state news agency WAM, there are four training programmes that will be developed, while the trainee targeted number will be determined annually based on the programme outputs and labour market requirements.

Initially, the MoU will be implemented in taxes to equip Emirati employees with the necessary skills to excel in their professional journey and run their enterprises.

The Ministry of Human Resources and Emiratisation (MoHRE) is responsible for managing NAFIS  programme’s operational processes which includes establishing strategic partnerships with private sector companies, managing the qualification terms, organising introductory workshops to explain the programmes and initiatives.

WAM said that the first training journey targets graduates and entry-level employees, while the second targets tax-agent entrepreneurs. Each training journey duration will range between 20 to 30 days.

The academy will regularly report to ETCC on the trainee’s performance and qualifications, suggesting training programmes.