TaxGPT, an AI-powered corporate tax assistant, has been introduced by Virtuzone, a corporate services provider in the UAE.
TaxGPT, an AI-powered tax assistant
This tool aims to help UAE-based businesses understand and comply with the upcoming corporate tax law, which takes effect on June 1, 2023. It was created with OpenAI’s advanced language model Generative Pre-trained Transformer 4 (GPT-4).
It provides immediate answers to corporate tax questions based on official online publications from the Ministry of Finance and the Federal Tax Authority.
What distinguishes TaxGPT?
It has the ability to continuously learn and keep up with the latest legislative changes.
TaxGPT adapts to provide businesses with the most up-to-date information. Virtuzone aims to empower entrepreneurs and businesses by allowing them to transition and adapt to the new tax law smoothly.
Furthermore, Virtuzone’s CEO, George Hojeige, prioritizes AI integration to improve the experience of entrepreneurs.
Furthermore, John Casey, Virtuzone’s General Manager of Accounting & Tax, highlights TaxGPT as a tool for simplifying and providing guidance on the new tax law.
Many other innovative solutions have been introduced by Virtuzone, such as SWYFT Plan, an AI-driven business plan builder that generates business plans.
They also provide a Corporate Tax Calculator, a Business Setup Cost Calculator, and have a cryptocurrency payment partnership with Binance.
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