Taxly

Taxly is a specialized AI-powered platform designed to streamline and automate the complexities of UAE Corporate Tax compliance. Built specifically for Small and Medium-sized Enterprises (SMEs), Free Zone entities, and accounting professionals, Taxly transforms the tedious process of tax filing into a simple, intelligent, and stress-free experience. By leveraging artificial intelligence, the platform analyzes your financial data, calculates tax liabilities, and generates reports that are fully compliant with the Federal Tax Authority (FTA) standards.

The core mission of Taxly is to make corporate tax accessible and manageable for businesses of all sizes in the UAE. It addresses the key challenges of the new tax regime, including understanding complex regulations, ensuring accuracy to avoid penalties, and managing the time-consuming administrative burden. With its intuitive interface and powerful backend, users can gain confidence in their tax position and focus on growing their business.

How to use Taxly

Using Taxly is designed to be a straightforward, step-by-step process:

1. Sign Up and Setup: Create your account and set up your business profile. Provide key details such as your entity type (e.g., SME, Free Zone entity) to tailor the platform to your specific needs.
2. Upload Financials: Securely upload your financial documents, such as profit and loss statements, balance sheets, and trial balances. Taxly is also being developed to integrate with popular accounting software for seamless data synchronization.
3. AI-Powered Analysis: Once your data is uploaded, Taxly's AI engine gets to work. It automatically scans, categorizes, and analyzes your financial transactions, applying the latest UAE Corporate Tax laws and regulations.
4. Review Real-time Insights: Access a clear dashboard with instant tax projections. The system automatically applies relevant logic for Free Zone entities and checks eligibility for Small Business Relief. The built-in Compliance Assistant will flag potentially non-deductible or risky expenses for your review.
5. Generate and File: With a single click, generate a comprehensive, FTA-ready tax return summary and all necessary supporting schedules and documents. This output is formatted for easy submission to the authorities.

Core Features of Taxly

• Automated Tax Return Generation: Transforms raw financial data into accurately calculated, FTA-compliant corporate tax returns.
• Real-time Tax Projections: Offers instant visibility into your potential tax liability throughout the year, enabling better financial planning and decision-making.
• Built-in Compliance Assistant: Intelligently flags high-risk transactions, non-deductible expenses, and potential compliance gaps to help you mitigate risks and avoid penalties.
• Specialized Free Zone Logic: Incorporates the specific and complex tax rules applicable to Free Zone entities, ensuring correct calculation of qualifying and non-qualifying income.
• Small Business Relief Analysis: Automatically assesses your eligibility for Small Business Relief, helping you take advantage of available tax benefits.
• FTA-Ready Output: Generates professionally formatted tax return summaries and supporting documentation ready for submission to the Federal Tax Authority.
• Secure Data Handling: Employs robust security measures to ensure your sensitive financial information is always protected.

Use Cases for Taxly

Taxly is ideal for a range of users within the UAE's business ecosystem:

• SMEs: Business owners without a dedicated tax team can easily manage their corporate tax obligations, ensuring compliance without the high cost of external consultants.
• Free Zone Entities: Companies operating in Free Zones can navigate the nuanced tax regulations to ensure they correctly report their income and maintain their tax advantages.
• Accountants and Tax Advisors: Accounting firms can use Taxly to manage multiple clients efficiently. The platform automates data processing and initial compliance checks, freeing up advisors to focus on strategic, high-value services.

Advantages of Taxly

The primary advantages of using Taxly include:

• Efficiency and Time Savings: Drastically reduces the hours spent on manual data entry, calculations, and report preparation.
• Accuracy and Reduced Risk: AI-powered analysis minimizes human error and ensures calculations are based on the latest tax laws, reducing the risk of costly penalties.
• Cost-Effectiveness: Provides an affordable alternative to hiring expensive, full-time tax specialists, making professional-grade compliance accessible to SMEs.
• Empowerment and Clarity: Demystifies the tax process with clear insights and a user-friendly interface, giving business owners control over their tax compliance.

Pricing and Plans

Taxly is currently in an early access phase. Interested users can join the waitlist on the official website to be among the first to use the platform. Early access members will benefit from priority onboarding and exclusive discounts. Specific pricing and plan details will be announced at the official launch.