Tax Administration of Republic of Srpska participated in the 28th General Assembly of IOTA in Budapest

The representatives of the Tax Administration of Republic of Srpska participated in the 28th General Assembly of IOTA (Intra-European Organization of Tax Administrations), which was held in Budapest on 18-20 June 2024 and hosted by the National Tax and Customs Administration of Hungary.

The largest and most influential event of IOTA was attended in person by over 180 delegates and virtually by over 170 participants from Member and Associate Member Countries’ Tax Administrations, high-ranking officials of the governmental bodies of Hungary, Exchange and Research Centre for Leaders of Tax Administrations (CREDAF), European Commission, Intra-American Network of Tax Administrators (CIAT), International Fiscal Association (IFA), International Monetary Fund (IMF), and other representatives of international organisations, business community representatives, tax practitioners and academia.

The professional theme of this year’s Assembly was “Using Data Science to Build Capacity and Enhance Capabilities in Tax Administrations’”, elaborated during two days with eight distinct sessions, including keynote speeches, presentations and panel discussions. The Technical Session of the General Assembly effectively highlighted specific experiences, case studies, and examples of trials and experiments illustrating how IOTA members successfully apply data science techniques in tax administration to improve voluntary compliance, assess tax risks, enhance revenue collection, and increase operational efficiency.

In addition to the professional theme, during the administrative session the Assembly adopted the 2023 Activities and Financial Report, the IOTA Strategy Implementation Report for 2023, the Report of Internal Auditors 2023, as well as the Work Programme and the Budget for 2025. Moreover, the Assembly elected new members of Executive Council and the new Internal Auditor.

At the end of the event, the heads of tax administrations, their representatives as senior officials and tax experts agreed to continue to work closely within IOTA with the aim of sharing best practices and practical solutions for applying AI and advanced data analytics to deliver services proactively and achieve intelligent revenue collection processes with reduced compliance costs.