Tax Systems, the global tax and accounting software provider, has announced the availability of a groundbreaking AI Assistant to help multinational organisations streamline cross-border tax research and analysis. By integrating company-specific data with verified international tax content provided in partnership with the International Bureau of Fiscal Documentation (IBFD), the solution enables tax teams to generate more relevant, context-aware insights and support business decision-making more efficiently.

Developed by Loctax, a Tax Systems company, the AI Assistant enables users to ask tax questions relating to more than 220 jurisdictions and multiple tax domains, generating outputs directly relevant to their business structure, rather than relying on generalised answers that do not reflect their needs.

Tax professionals can carry out a range of tasks, including drafting and reviewing tax memos, analysing contracts and documents, exploring structuring scenarios and validating existing advice, all within a single platform. This enables them to respond more quickly to business requirements, making better use of their existing expertise, without increasing headcount.

Users also benefit from measurable efficiency gains across tax teams, reducing the time required to research rules across multiple jurisdictions. This includes significant time savings across tax research and analysis, with up to five hours per user, per week freed for higher-value activities and up to 80% time savings on memo preparation.

“Tax teams have traditionally been constrained by the time required to carry out detailed research and validate their findings before they can support the business,” said Stevi Frooninckx, CEO and founder of Loctax, a Tax Systems company. “The AI Assistant changes this dynamic by enabling teams to move more quickly from analysis to action. Rather than just supporting research, it serves as a gateway for conducting cross-border tax analysis much more efficiently, acting as a tax technical sparring partner for each member of the team.”