RoyaltyRange is a proud sponsor of the 28th General Assembly of IOTA (The Intra-European Organisation of Tax Administrations) in Budapest, Hungary. The main theme: “Using Data Science to Build Capacity and Enhance Capabilities in Tax Administrations”. It is a significant event in the realm of tax administration. Hosted by the National Tax and Customs Administration of Hungary (NTCA), the assembly was presided over by Mr. Ferenc Vágujhelyi, President of IOTA for the 2023/2024 term.

The assembly’s program is rich and diverse, focusing on how data science can revolutionize tax administration. Key topics included:

• Data Analytics: discussions centered around leveraging data to identify trends, patterns, and anomalies, aiding in risk assessment, fraud detection, and compliance improvement.
• Artificial Intelligence (AI): presentations explored AI applications in automating routine tasks, enhancing decision-making processes, and improving taxpayer services.
• Machine Learning: sessions delved into how machine learning algorithms can be utilized to predict taxpayer behavior, optimize audits, and personalize taxpayer interactions.

Apart from these technical sessions, the assembly also features panel discussions, workshops, and networking opportunities, fostering collaboration and knowledge exchange among tax administrators, experts, and stakeholders from different countries.

The 28th General Assembly is more than just a conference; it was a testament to IOTA’s commitment to modernization and innovation. By embracing data science, IOTA aims to equip tax administrations with the tools and knowledge necessary to navigate the complexities of the digital age, ultimately leading to fairer, more efficient, and more effective tax systems.

The Assembly centres on data science, exploring its methods and potential, the future of advanced analytic tools, AI progress and applications, and the evolving challenges that Tax Administrations face in the digital era. Attendees have the chance to explore an exhibition displaying the innovative use of data, analytics, and AI. This showcase features data-driven solutions, business concepts, and technologies presented by leading and forward-thinking tax administrations.

Visit our booth at the Budapest Marriott Hotel on 19-20 June 2024. It’s a perfect opportunity for discussion about the possibilities of our data integration solutions.