VAT’s UP

FTA Launches Hackathon Event to Encourage Innovators in the Tax Sector

  • Share:

Dubai February 08 2024:

As part of its agenda for participating in the month long ‘UAE Innovates 2024’ initiative, held throughout the month of February, the Federal Tax Authority (FTA) has opened the door for participation in its Hackathon event.

With the Hackathon, the Authority aims to develop innovative technological solutions for the challenges the tax sector faces, in addition to strengthening cooperation and partnership among government, educational, and private institutions to achieve a sustainable impact.

The FTA invited innovators to participate in the event, which offers them an opportunity to generate pioneering solutions that address the challenges facing the tax sector in several aspects, including raising awareness about taxes in the community; employing advanced technology to streamline procedures, such as the submission of tax returns for small and medium-sized enterprises (SMEs); and combating tax evasion.

Submissions will continue to be accepted until 23 February, after which the Authority will organise a special event on 29 February at the Dubai Creative Hub – Emirates Towers, in collaboration with world-leading software developers SAP, the FTA’s strategic partner in digital transformation.

Read More.