Virtuzone Launches TaxGPT, An Artificial Intelligence-Powered UAE Corporate Tax Assistant

Virtuzone Launches TaxGPT, An Artificial Intelligence-Powered UAE Corporate Tax Assistant

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Company formation specialist and corporate services provider Virtuzone has launched TaxGPT, a corporate tax assistant powered by artificial intelligence (AI) and programed to help UAE-based businesses navigate the unfamiliar processes and regulations that the upcoming UAE corporate tax law will bring once it officially takes effect on June 1, 2023.

Built on the AI model of generative pre-trained transformer 4 (GPT-4) developed by American AI research laboratory OpenAI, TaxGPT is trained to provide instant, specific and complete answers to questions related to the new corporate tax legislation. The answers are based on online publications released by the Ministry of Finance and the Federal Tax Authority which are the two official sources of information about corporate tax.

"Leveraging innovation to improve the experience and journey of entrepreneurs and businesses has always been one of the core pillars of our organization's values," said George Hojeige, CEO of Virtuzone. "As we continuously seek to add value to the services we provide to our clients and help advance the business setup sector, we will relentlessly explore ways to integrate next-generation technologies like AI into our tools and processes and contribute to elevating the