Tax Systems, a global provider of tax and accounting software, has announced the acquisition of Loctax, a leading innovator in AI-powered tax control and compliance solutions for multinational organizations. The move strengthens Tax Systems’ position in the European SaaS tax market and accelerates its strategy to become the leading tax compliance platform across EMEA. Loctax is recognized as the first AI-driven tax control centre, designed to help in-house tax and finance teams automate compliance, manage risk, and centralize data across multiple jurisdictions and tax types. Its platform integrates monitoring of filing deadlines, workflow management, business support, and reporting—all powered by AI agents that reduce manual work and improve accuracy. By acquiring Loctax, Tax Systems gains a category-defining solution that offers the first context-aware, end-to-end workflow across diverse tax processes. Loctax’s real-world implementation of agentic AI enhances Tax Systems’ existing product suite, enabling a unified platform that delivers greater automation, oversight, and assurance for tax teams. The integration of both companies’ technologies leverages the latest advancements in cloud infrastructure and artificial intelligence, supporting Tax Systems’ vision of “one platform, total control.” Customers will benefit from improved visibility into their tax obligations, seamless data connectivity, and enhanced security across all tax operations. Bruce Martin, CEO of Tax Systems, said the acquisition marks a pivotal moment for the company. “Loctax has built the first true tax control centre, and combining it with our established solutions will create a more powerful, comprehensive platform for tax professionals. This strengthens our market leadership and equips customers with the tools they need to manage complex tax environments with confidence.” Stevi Frooninckx, CEO of Loctax, highlighted the strategic alignment between the two companies. “Joining Tax Systems is a natural progression for Loctax. Our AI tax control centre now integrates with Tax Systems’ tax engines, enabling end-to-end control over critical processes like Pillar Two and tax provision. Together, we’re shaping the future of the tax function and empowering teams to be better prepared for evolving regulatory challenges.” Loctax will continue to operate under its own brand as “a Tax Systems company” during the transition, ensuring business continuity for its customers. Its go-to-market and product teams will remain closely engaged with clients while integrating with Tax Systems’ broader platform. Dedicated resources have been assigned to ensure a smooth and scalable integration. Tax Systems, backed by Providence Equity Partners, serves over 42% of the FTSE 100 and 80% of top UK and Irish advisory firms, with more than 30,000 tax professionals using its solutions to file over 200,000 submissions annually. Founded in 1991, the company has over three decades of experience in digitizing tax operations and simplifying complex tax regulations. Loctax, founded in 2020 in Belgium and supported by leading European venture capital firms including Index Ventures, Seedcamp, and NAP.vc, serves clients ranging from fast-growing startups to global enterprises. Its platform uses AI to classify documents, extract multilingual data, link information to the correct entity and period, and automate tasks—ensuring compliance, audit readiness, and strategic tax support.