FTA Unveils Trio of Initiatives for UAE Innovates 2024
The Federal Tax Authority (FTA) is proud to announce a suite of three innovative initiatives as part of its commitment to the UAE Innovates 2024 event, a month-long celebration of innovation set to take place this February. These initiatives underscore the FTA’s dedication to fostering an environment that nurtures innovation and propels the continuous enhancement of customer services.
Cultivating a Culture of Innovation
UAE Innovates 2024 is a pivotal event that aims to solidify the nation’s status as a global hub for innovation. It encourages the generation of new ideas, the honing of skills, and the creation of a widespread culture of innovation. It also aligns with the National Strategy for Advanced Innovation, celebrating the achievements of innovators and supporting their contributions to the nation’s progress.
A Trio of Transformative Initiatives
The FTA’s participation in UAE Innovates 2024 is marked by the introduction of three key initiatives:
1. The Innovation Challenge Award
This award is designed to tap into the creative potential of the FTA team. It offers employees a platform to present their innovative ideas and solutions, aiming to shape the future of tax administration. The most promising proposals will be periodically reviewed, with the winning ideas receiving recognition and implementation to enhance the FTA’s operational and strategic processes.
2. The Hackathon Program
The Hackathon is an event that seeks to forge stronger ties between the FTA, the community, and educational institutions. It brings together a diverse group of developers, programmers, and designers to form teams that will brainstorm and create technological solutions to current tax-related challenges. The program will culminate in a showcase where participants can present their ideas for evaluation, and the most innovative tech solutions will be selected as winners.
3. Expansion of the ‘TAX 10’ Digital Innovation Platform
The ‘TAX 10’ platform, initially an internal tool for FTA employees, will be expanded to include members of the wider UAE community. One hundred individuals will be granted access to the platform, which will also extend to representatives from universities, government entities, and tax authorities from the Gulf Cooperation Council (GCC) countries.
Driving Sustainable Financial Diversification
His Excellency Khalid Ali Al Bustani, Director General of the FTA, emphasized the organization’s strategic focus on innovation, which is integral to achieving global leadership in tax procedures. The FTA’s new initiatives are crafted to engage stakeholders actively, encouraging them to propose innovative solutions that will streamline tax procedures and support the UAE’s rapid digital transformation across all sectors.
In Conclusion
The FTA’s participation in UAE Innovates 2024 with these initiatives is a testament to its proactive approach to embracing innovation. By encouraging creative thinking within its ranks and the broader community, the FTA is setting the stage for sustainable financial diversification and the advancement of the UAE’s tax system.
