MIT Tax Meets Tech Talk – Artificial Intelligence

Artificial Intelligence (AI) applications have are rapidly permeating and revolutionising various industries, and the tax sector is no exception. Streamlining of processes, data analysis to predict trends, automation of tasks and enhanced compliance through identification of errors are some of the areas which have been revolutionised by AI,  which increasingly will have to be embraced by tax professionals operating in a technology-driven environment as we are today.

Technology and AI have been recognised as the tools necessary to achieve a “modern and adaptive” Malta Tax and Customs Administration (MTCA’s Strategic Plan for 2023-2025 – Delivering Transformation).

“We need to have an organisation that is using the latest technology in tax and customs administration using advanced data analytics, business intelligence and artificial intelligence.” Commissioner for Tax & Customs – Strategic Plan for 2023-2025 – Delivering Transformation

 

Acknowledging the importance of AI for the tax professional, its potential impact on day-to-day operations, and the role AI and technology will play in the administration and enforcement of taxation by the authorities, the MIT’s Tax Technology Committee is bringing an event entitled: Tax Meets Tech – Artificial Intelligence, which will explore AI and its role in the context of the tax professional and the tax administration. On the agenda:

▫️AI: What tax practitioners need to know (Niklas Schmidt, Wolf Theiss Vienna)

• Insights into AI for non-techs, from the perspective of a tax professional

▫️AI: A learning Machine Dylan Seychell (University of Malta)

• What does an AI tool do? What is its functionality? What tools do the tax administration use today and how are these expected to evolve?

▫️The use of AI in tax investigations by the MTCA (Manfred Barbara, MTCA) and Gavril Flores (Malta Digital Innovation Authority)

• What role do/will A.I. tools play in data collection and analysis for tax audit purposes? What is the level of human intervention? How will A.I. enhance enforcement and what are the issues envisaged for professionals and taxpayers?

 ▫️Fireside Chat: The use of AI generated evidence produced in the courts of law – Robert Attard (EY) & Ramona Azzopardi (WH Partners)

• What are the risks and issues around reliability and authenticity? What other concerns and issues may arise for professionals, litigators and taxpayers?

The Tax Meets Tech Talk – A.I. will be held on 4 June 2024 (9.00 – 12.00) at The Hyatt Malta, St. Julians

To find out more click here.

Book your place today – TaxMeetsTech – AI – Booking

***

What are the MIT Tax Meets Tech Talks?

As technological advancements revolutionise industry, as technology and technological products increasingly feature in various sectors of business, it is essential for tax professionals to understand their clients’ businesses, in order to assess how tax legislation impacts them. In addition, technological tools for streamlining of processes, data analysis to predict trends and automation of tasks are being applied by professionals and the tax administration, and an understanding of the role and functionality is key for tax professionals operating in a technology-driven environment as we are today.

The MIT’s Tax Technology Committee works to bridge the gap between Tax and Tech, with a view to creating opportunities for discussion and learning.

The MIT TAX MEETS TECH TALKS are a series of sessions designed to bring an understanding of technology and technological innovation in industry as may be relevant to the tax professional.