UAE Codes Day is part of the nation's efforts to champion the critical role digital transformation plays in its economy and society. Photo: Ministry of AI
UAE Codes Day is part of the nation's efforts to champion the critical role digital transformation plays in its economy and society. Photo: Ministry of AI
UAE Codes Day is part of the nation's efforts to champion the critical role digital transformation plays in its economy and society. Photo: Ministry of AI
UAE Codes Day is part of the nation's efforts to champion the critical role digital transformation plays in its economy and society. Photo: Ministry of AI

UAE Codes Day to boost nation's digital transformation and economy


Alvin R Cabral
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UAE Codes Day, a government initiative aimed at supporting the Emirates' digital transformation and economy, is set to start on October 29, with several events organised by dozens of government and private entities.

The event, which was launched in 2021, focuses on supporting the UAE's coding community by providing a platform to exchange experiences, ideas and skills to create a digital economy based on innovation backed by artificial intelligence, the Ministry of State for Artificial Intelligence, Digital Economy and Remote Work Applications said on Wednesday.

It will also coincide with the date of the announcement on October 29, 2001, by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, in which he launched the first e-government in the region, which was a major component of the UAE's digitisation journey.

“UAE Codes Day consolidates the first digital achievement in the UAE. It celebrates technological achievements and anticipates future developments by motivating youth in utilising coding and AI technologies in future projects, enhancing their capabilities and supporting their talents to design a better future,” Omar Al Olama, Minister of State for AI, Digital Economy and Remote Work Applications, said.

The UAE has long championed the critical role digital transformation plays in its economy and society, particularly focusing on honing talented young people to prepare them to help shape the future, as the country positions itself as a global hub for innovation.

Writing code, building computer software and creating mobile applications are among the most sought-after skills in the future global job market.

Jobs in coding and programming are also in high demand and they can also be a rewarding career compensation-wise, according to a 2021 study by recruitment firm Michael Page.

AI, a key component of coding, is also considered one of the UAE's most important industries over the next 10 years, a May study from the UK-based Institution of Engineering and Technology found.

In January, the UAE government unveiled Coders HQ, aimed at developing the nation's coder ecosystem. Launched by Mr Al Olama, it is geared towards developing a new generation of coders, which will allow them to design innovative solutions addressing local and global challenges.

The Emirates also launched the National Programme for Coders in July last year, in collaboration with technology companies including Google, Amazon and Microsoft to bolster coding skills, particularly among young people.

It aims to train 100,000 coders and establish 1,000 technology companies that will go global and increase start-up investments from Dh1.5 billion to Dh4bn, Sheikh Mohammed said at the time.

42 Abu Dhabi, a coding school without teachers or classrooms in the capital, opened last October. The programme, which is open 24/7, works on a tuition-free model that is based on peer-to-peer learning, and encourages participants to study independently and work on projects.

On Sunday, the UAE announced the selection of 56 coding ambassadors to help champion the country's digital drive, with 23 of them Emiratis who represent all seven emirates.

Sheikh Mohammed's “proactive thinking” has been the “cornerstone enhancing the UAE's ranking as a future pioneer and a global platform building capabilities and empowering youth with future tools and technology solutions”, Mr Al Olama said.

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During UAE Codes Day, more than 70 events will be hosted by about 50 federal government and private entities across the UAE, including workshops, competitions, and hackathons.

“This day reflects the UAE leaders' mindset and visions in enhancing the global ranking and status of the country to reach comprehensive digital transformation,” the statement said.

“It also reflects the efforts of the National Programme for Coders to help talented coders develop their coding journey and enhance their readiness to innovate in the future.”

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Uefa Champions League semi-finals, first leg
Liverpool v Roma

When: April 24, 10.45pm kick-off (UAE)
Where: Anfield, Liverpool
Live: BeIN Sports HD
Second leg: May 2, Stadio Olimpico, Rome

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Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

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Updated: October 27, 2022, 10:59 AM