TaxTec utilizes AI-enabled automation to enhance global tax recovery processes, allowing institutional investors to reclaim unclaimed taxes efficiently. By streamlining operations and reducing costs, TaxTec maximizes tax recovery opportunities, directly improving investment returns for its clients.
Funding
Funding not disclosed
Founders
Product
Problem
Institutional investors face challenges in navigating complex global tax regulations and double taxation treaties, leading to significant amounts of unclaimed tax refunds annually. Traditional tax recovery processes are often manual, inefficient, and prone to errors, resulting in lost revenue and increased operational costs.
Solution
TaxTec offers an AI-powered platform designed to automate and optimize global tax recovery for institutional investors. The platform streamlines the entire tax reclamation process, from identifying potential claims to submitting documentation and tracking refunds. By leveraging artificial intelligence and machine learning, TaxTec reduces manual effort, minimizes errors, and accelerates the recovery of unclaimed taxes, ultimately enhancing investment returns for its clients. The system is built using a digitized technology stack that is balanced for optimum performance, future-ready with advanced capabilities, and enhanced security.
Target Audience
TaxTec primarily serves institutional investors, including asset managers, hedge funds, pension funds, and sovereign wealth funds, as well as their service providers.
Features
- AI-enabled automation of tax recovery processes across 100+ major jurisdictions
- Identification of potential tax reclaim opportunities through advanced data analysis
- Streamlined documentation submission and tracking
- Automated compliance checks and regulatory updates
- Secure, digitized platform with role-based access controls
- Client-centric user interface designed for intuitive navigation
- ISO 27001 and DORA compliant solutions
- Support for ADR tax relief, withholding tax reclamation, claims monetization, and ECJ claims