The General Tax Authority (GTA) and QNB signed a financial services agreement yesterday.
The GTA also signed three memorandums of understandings (MoU) with Masraf Al Rayyan, Dukhan Bank, and Al Ahli Bank.
The MoUs were on creating an electronic link between the banks and the GTA to encourage the payment of taxes and by using different e-payment methods.
The agreement was signed by GTA assistant head of tax affairs Ghanem bin Khalifa al-Attiyah; chief operating officer and executive general manager at QNB Financial Services Ali Rashid al-Mohannadi; general manager and head of wholesale banking at Masraf Al Rayan Mohamed Isamil al-Emadi; CEO of Dukhan Bank Khalid Youssef al-Subaei; and Deputy CEO of Al Ahli Bank Mohamed al-Namla.
Al-Attiyah said that the plan to link the authority with banks will gain momentum in the future, adding that the goal is to facilitate the process of paying taxes so that it can be done electronically.
He added that the banks were selected based on how ready their infrastructure is to implement the process.
He called on other banks to complete their infrastructure so that they can offer the same service in the future.