Abu Dhabi, UAE:– As part of the programme of activities to mark World Future Day, the Federal Tax Authority (FTA) organised an introductory seminar on ‘Advanced Technologies and Their Impact on Systems in the Tax Sector’.

Organised in collaboration with consulting and research specialists Gartner, the session explored a series of topics and future trends transforming the tax sector in light of the rapid technological advancements in the field, including the development of industrial cloud platforms, platform engineering and sustainable technology, advanced agile artificial intelligence (AI) technologies, and protection & digital information security systems.

The virtual introductory seminar also featured the latest developments in the Metaverse, before exploring the implications of these future developments on tax procedures and ways to benefit from them.

World Future Day is an ideal occasion to organise an event of this kind, where the Authority aims to educate its team about advanced technological trends in the tax sector. This aligns with the FTA’s plans for the sustainable development of its services and systems, as well as the continuous improvement of the UAE tax system’s efficiency and effectiveness.

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The Federal Tax Authority was established by Federal Decree-Law No. (13) of 2016 to help diversify the national economy and increase non-oil revenues in the UAE through the management and collection of federal taxes based on international best practices and standards, as well as to provide all means of support to enable taxpayers to comply with the tax laws and procedures. Since its inception in 2017, the FTA has been committed to cooperate with the competent authorities to establish a comprehensive and balanced system to make the UAE one of the first countries in the world to implement a fully electronic tax system that encourages voluntary compliance, with simple procedures based on the highest standards of transparency and accuracy – beginning from registration, to the submission of tax returns, to the payment of due taxes through the Authority’s website: www.tax.gov.ae