Emirati Talent Competitiveness Council seals MoU with PwC Academy

By Shilpa Annie Joseph, Official Reporter
  • Follow author on
ETCC-PwC Academy partnership
Officials during the signing ceremony.

The Emirati Talent Competitiveness Council (ETCC) has signed a Memorandum of Understanding (MoU) with the PwC Academy in order to develop Emirati talent skills and efficiencies through training courses in taxes.

The ETCC explained that four training programs will be developed, while the trainee targeted number will be determined annually based on the program outputs and labor market requirements and aligned with the ETCC’s strategic action plan in coordination with the Ministry of Human Resources and Emiratization (MoHRE), and the acceptance terms at the PwC Academy.

According to the statement, “This move comes at a time when UAE is implementing a new corporate taxes ecosystem that will take effect soon to open doors for Emiratis to work in the taxes private sector, enable their corporates to settle their financial status and comply with new taxation laws, and positively enhance the UAE economy as a prominent global financial hub.”

Further, the ETCC approved the necessary budget to cover the expenses of the training and development programs and the study fees of Emirati trainees participating in the specialized programs, in line with the annual approved budget.

Mr. Ghannam Al Mazrouei, ETCC Secretary-General, stated that “the MoU aims to enhance the competitive capabilities of Emirati talent and empower them with world-class professional certificates through two training journeys covering taxes, accounting, job sustainability, digital skills, and business administration. Initially, the MoU will be implemented in taxes to equip Emirati youth with the necessary skills to excel in their professional journey and run their enterprises.”

MoHRE will be responsible for managing the program’s operational processes, including establishing strategic partnerships with private sector companies, managing the qualification terms, organizing introductory workshops to explain the programs and initiatives, opening the door for those who are willing to register in ‘NAFIS’ platform, announcing and marketing the approved programs through various media channels and coordinating with the PwC Academy in all related inspection and operational matters.

For her part, Ms. Aisha Belharfia, Acting Undersecretary for Emiratization Affairs and Assistant Undersecretary for Labor Affairs at MoHRE, said the Ministry is committed to providing the necessary support to ensure the success of the annual training programs, expressing her confidence regarding the significant positive impact such programs will possess.

Related: UAE Ministry of Finance announces Corporate Tax Law exemption