UAE’s Federal Tax Authority to Broaden the use of Tax 10 Platform
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As part of the ‘UAE Innovates 2024’ initiative occurring throughout February, the Federal Tax Authority (FTA) has entered a partnership with the 01GOV Platform to expand the application of its Tax 10 platform.
Launched in the previous year, Tax 10 was developed by the Authority to foster innovation, enhance excellence, and stimulate professional inventiveness among its workforces. The goal is to improve service offerings, contribute to sustainable growth in both organizational and personal performance levels, and cultivate an innovative culture.
This collaboration underscores the FTA’s commitment to contributing to the ‘UAE Innovates 2024’ initiative during its month-long execution. It seeks to foster collaborative efforts among different government bodies, regional academic establishments, and tax agencies to boost innovation within the public sector and demonstrate how cutting-edge technology can be utilized to enhance government operations.
Khalid Ali Al Bustani, the FTA’s Director-General, emphasized the organization’s dedication to strengthening strategic alliances with various stakeholders to nurture an innovative ethos and empower community members. This effort aims to create forums for experts to share and learn from best practices and insights in leveraging technology in government taxation services.
Al Bustani highlighted the partnership with 01GOV Platform as a critical move towards launching innovative projects that anticipate future needs, helping the FTA achieve its strategic objectives and adapt swiftly to global trends in governmental innovation. This collaboration is a step towards realizing a comprehensive digital transformation in line with the UAE’s national strategy.
Additionally, Jassim Al-Haddad, head of the FTA’s InnoVATion Team, detailed how the expansion of the Tax 10 platform will enhance regional collaboration by offering licenses to tax authority representatives in the GCC and support sectors such as education and government by providing UAE university and government representatives, along with community members, with access to the platform through 100 licenses for a six-month period.
The Tax 10 platform, a pioneering initiative in the MENA region, delivers extensive content on government innovation, carefully chosen by the FTA over time. It showcases global best practices in taxation, supports innovation leaders with specialized digital resources and tools, and documents the FTA’s achievements in digital format.
Developed with the latest technology and intelligent systems, the Tax 10 platform is designed to engage FTA employees actively in the creation and development of future tax initiatives and improvements in the Authority’s operational and service frameworks. It features a digital observatory with over 3,000 global government innovation practices across 15 sectors, such as taxation, financial innovation, government operations, and future capabilities.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
Employment grew for the 16th consecutive month as companies expanded.
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According to a recent PMI report, Qatar experienced its fastest non-energy sector growth in almost two years in June, driven by surges in both existing and new business activities.
The Purchasing Managers’ Index (PMI) headline figure for Qatar reached 55.9 in June, up from 53.6 in May, with anything above 50.0 indicating growth in business activity. Employment also grew for the 16th month in a row, and the country’s 12-month outlook remained robust.
The inflationary pressures were muted, with input prices rising only slightly since May, while prices charged for goods and services fell, according to the Qatar Financial Centre (QFC) report.
This headline figure marked the strongest improvement in business conditions in the non-energy private sector since July 2022 and was above the long-term trend.
The report noted that new incoming work expanded at the fastest rate in 13 months, with significant growth in manufacturing and construction and sharp growth in other sectors. Despite the rising demand for goods and services, companies managed to further reduce the volume of outstanding work in June.
Companies attributed positive forecasts to new branch openings, acquiring new customers, and marketing campaigns. Prices for goods and services fell for the sixth time in the past eight months as firms offered discounts to boost competitiveness and attract new customers.
Qatari financial services companies also recorded further strengthening in growth, with the Financial Services Business Activity and New Business Indexes reaching 13- and nine-month highs of 61.1 and 59.2, respectively. These levels were above the long-term trend since 2017.
Yousuf Mohamed Al-Jaida, QFC CEO, said the June PMI index was higher than in all pre-pandemic months except for October 2017, which was 56.3. “Growth has now accelerated five times in the first half of 2024 as the non-energy economy has rebounded from a moderation in the second half of 2023,” he said.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
