Tax Systems, a global provider of tax and accounting software, has announced the acquisition of Loctax, a leading platform that helps in-house tax teams streamline compliance, risk, and governance processes. The move is a major step toward Tax Systems’ ambition of becoming EMEA’s leading SaaS tax compliance platform, while also accelerating the development of its product roadmap.
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Loctax is known as the first-ever AI-powered tax control centre, designed to help finance and tax teams automate compliance, manage risks, and centralize data across multiple jurisdictions and tax types. From tracking filings and deadlines to managing workflows and reporting, the platform leverages AI to reduce manual work and make complex tax operations more manageable.
By bringing Loctax into its portfolio, Tax Systems is adding a game-changing solution that provides a context-aware, integrated workflow across various tax processes. The combination of Loctax’s AI capabilities with Tax Systems’ existing solutions creates a powerful end-to-end platform, giving tax teams greater visibility, automation, and confidence in their operations.
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“This acquisition is a major milestone for Tax Systems,” said Bruce Martin, CEO of Tax Systems. “Loctax has created the first true AI tax control centre, and integrating it with our solutions allows us to offer a more complete platform for tax teams. It strengthens our position in the market and gives our customers the advanced tools they need to manage their tax obligations with confidence.”
Stevi Frooninckx, CEO of Loctax, added, “Joining forces with Tax Systems was a natural next step. Our AI tax control centre can now work seamlessly with Tax Systems’ engines, providing full visibility and control over tax processes like Pillar Two or tax provisions. Together, we’re shaping the tax function of the future.”
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During the transition, Loctax will continue operating under its own brand as “a Tax Systems company”, ensuring continuity for existing customers while gaining the scale and support of Tax Systems. Its product and go-to-market teams will report into Tax Systems, with dedicated resources focused on integrating Loctax’s platform with the broader suite, unlocking the full potential of the combined offering.
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