FTA Showcases Digital Tax Innovations at International Seminar in Beijing
The Federal Tax Authority (FTA) of the UAE proudly participated in the prestigious ‘Digitalisation and Digital Transformation of Tax Administrations’ seminar held in Beijing, China. This event marked a significant milestone in showcasing the UAE’s leadership in digital tax administration on a global platform.
Leading the Way in Digital Taxation
During the seminar, held on October 24, 2023, His Excellency Khalid Ali Al Bustani, Director General of the FTA, delivered a compelling keynote address. He highlighted the UAE’s commitment to digital excellence, underpinned by one of the world’s most advanced digital infrastructures. This commitment is evident in the comprehensive digital tax system that the FTA has developed, which allows for all tax services to be conducted electronically with utmost efficiency and precision.
A Vision of Digital Excellence
Under the visionary leadership of the UAE, the FTA has not only embraced digital transformation but has also emerged as a frontrunner in the implementation of digital tax services globally. The seminar provided a platform to share the UAE’s successful strategies and initiatives that continually enhance government systems, improve the quality of life, and spread happiness and well-being in the community.
Innovations and Developments Presented
His Excellency Al Bustani showcased several groundbreaking digital systems during the seminar:
- EmaraTax Platform: A unified portal that facilitates all tax-related procedures online, from registration and tax return filing to tax payments and refunds, enhancing the convenience and efficiency for taxpayers.
- GIBAN (Generated International Bank Account Number): A personalized virtual bank account number for each taxpayer, revolutionizing the way tax payments are processed and ensuring faster updates to tax accounts.
- VAT Refund Scheme for Tourists: A fully digital system with 100% paperless procedures, using electronic invoices linked between sales outlets and the tax refund system, ensuring a seamless experience for tourists.
- Muwafaq Package for SMEs: Tailored services and incentives provided through the FTA’s website to support small and medium-sized enterprises in their tax compliance and business operations.
A Global Collaboration Effort
The seminar also facilitated discussions on various key topics such as electronic invoicing systems, cross-border collaboration opportunities, and the digital transformation maturity model. These discussions highlighted the importance of international cooperation in advancing tax administration in the digital age.
Conclusion
The Federal Tax Authority’s participation in the ‘Digitalisation and Digital Transformation of Tax Administrations’ seminar in Beijing has reinforced its position as a leader in digital tax innovations. By sharing its experiences and learning from global counterparts, the FTA continues to enhance its digital services, promoting efficiency, transparency, and convenience for all stakeholders involved.
