World’s first AI-powered UAE corporate tax assistant

World’s first AI-powered UAE corporate tax assistant

Through TaxGPT, Virtuzone aims to empower entrepreneurs and businesses and enable them to smoothly transition and adapt to the UAE’s new corporate tax law

Published: Thu 25 May 2023, 10:53 AM

Virtuzone – the UAE’s leading company formation specialists and award-winning corporate services provider – has launched TaxGPT, the world’s first AI-powered corporate tax assistant programmed to help UAE-based businesses navigate the unfamiliar processes and regulations that the upcoming corporate tax law will bring once it officially takes effect on June 1.

Built on the AI model of Generative Pre-trained Transformer 4 (GPT-4), an advanced language model 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, based on online publications released by the Ministry of Finance and the Federal Tax Authority, the two official sources of information about corporate tax.

TaxGPT is also capable of learning over time, allowing it to provide up-to-date answers to corporate tax-related questions as updates and changes to the legislation are announced by the Ministry and FTA. By harnessing the power of AI technology, Virtuzone aims to empower entrepreneurs and businesses with the knowledge they need to smoothly transition and adapt to