The AI Tax Assistant for Tackling International Tax Challenges

Revolutionizing Global Tax Research and Compliance with XatBot AI Tax Research Assistant and XatBot Co-Pilot

December 12, 2024 – Orbitax, a leader in global tax technology, is proud to announce the launch of cutting-edge artificial intelligence (AI) capabilities within its International Tax Platform. The new AI tools: XatBot AI Tax Research Assistant and XatBot Co-Pilot, are set to transform how tax professionals approach tax compliance and research.

Introducing XatBot AI Tax Research Assistant

The XatBot AI Tax Research Assistant is a powerful, conversational AI designed to provide instant, accurate answers to international tax questions. Leveraging Orbitax’s extensive tax research database, this assistant offers users a faster, smarter way to navigate complex tax regulations in over 190 jurisdictions. For more information, visit Orbitax AI Tax Assistant.

What you get with the XatBot AI Research Assistant

• Comprehensive Database: Access a vast library of tax regulations, tax treaty analysis, and country-specific compliance requirements updated daily.
• Natural Language Querying: Get precise answers to complex tax questions through simple, conversational language queries.
• In-Depth Tax Analysis: Get context-specific insights, including detailed interpretations of OECD guidelines, BEPS Pillar Two rules, and local country laws.
• Dynamic Content Linking: Seamlessly navigate between related tax topics, ensuring a holistic understanding of cross-border tax implications.
• Continuous Learning: Xatbot enhances accuracy over time through learning from user interactions, ensuring the most relevant and up-to-date responses.
• Searching the worldwide web: Can’t find what you are looking for? You can run search queries against content published on the worldwide web.
• Coming soon: Maintain custom documents in the XatBot Drive and allow XatBot to choose the most relevant result by querying the Orbitax databases, worldwide web, and XatBot Drive.
• Coming soon – tagging search results for XatBot to watch and report on updates – Orbitax will integrate its current law Change Report Technology to enable users to tag selected search queries for XatBot to automatically look for any updates at the chosen frequency (daily/weekly/monthly/etc) and any changes identified will be composed into a change report and mailed directly to the user’s inbox. Users can create custom change reports based on entity footprint and tax topics.

Streamlining Compliance with XatBot Co-Pilot

The XatBot Co-Pilot brings AI innovation to compliance workflows. In the first release, XatBot is integrated with existing corporate and cross-border rate tables and planning calculations from the Orbitax International Tax Platform (ITP) to capture inputs from a natural language search and engage with the relevant ITP tools to provide answers to questions, including:

• The best withholding tax rate on interest payments from jurisdiction A → B
• The total tax cost of paying $100 from country A → B → C
• Alternative ways to route copyright royalties to minimize withholding taxes

Future enhancements will include solution specific co-pilots that will help users navigate the various platform features, be the first point of contact for help and support enquiries, perform user-specified actions (including searches, filtering, data tracing, analytics, and calculation formula explanations) as well as creating workflows to complete data input, review and other complex tasks.

Transforming the Future of Tax Technology

About Orbitax

Orbitax is a global tax technology company that provides innovative solutions to streamline international tax compliance and research. Trusted by leading multinational enterprises, Orbitax’s International Tax Platform offers a comprehensive suite of tools designed to unify, simplify, and empower tax departments worldwide.

For media inquiries, please contact:

Jeroen van Asch
Global Head of Sales & Partnerships
jeroen.vanasch@orbitax.com
Phone: +31 6 42213812