17.12.2023
TaxTech News has a new look! - Value Added Tech | Newsletter #007
Value Added Tech
Your fortnightly TaxTech newsletter
Your advertisement could be placed here
contact@taxtech.news
👋🏻
Happy weekend and welcome to the seventh edition of Value Added Tech!
First of all, we would like to thank more than 100 professionals on LinkedIn for their interest in our coverage of TaxTech. We celebrate this with a complete redesign of our logo, website and overall aesthetic. Head over to TaxTech.news and let us know what you think.
Tomorrow morning also sees the launch of our new TaxTech Talkinterview series, with our first guest being DivTax co-founder Nicolas Oldag.
📰 TaxTech News
The last two weeks have been very exciting! First we have mecenalaunching new banking services for creators in Europe. Followed by Bitpanda starting to offer automatic tax deduction on crypto profits. All wrapped up with our TaxTech Mix, where we took a look at the latest releases from our favourite TaxTechs
⚡️ Reduced News
Reduced News is back to catch you up on what happened to ExpressSteuer. Spoiler - it is a sad story. Also, taxado has raised some money
☕️ Your Weekly Dose
Six long reads carefully selected for you
🚀 Beyond PoC (= Beyond Proof of Concept)
A bunch of different TaxTechs worth exploring: AiTax, Bonsai, RAQUEST and Rauva
🧑🏻💻 TaxTech Jobs
There are some new, interesting jobs popping up again. Led by smartsteuer (Product & Tech), Candis (Product), GetMyInvoices(Product) and Taxy.io (Tech). More on our job board - which has also been updated with a new design
Thank you and happy reading 🎄
TaxTech News
SUN, DEC 10
Mecena officially launches banking for creators in Europe
Self-proclaimed "Banking for Creators" mecena has officially launched its services, starting in France (🇫🇷), Germany (🇩🇪), the Netherlands (🇳🇱) and Spain (🇪🇸) with an iOS app. Other countries
THU, DEC 14
Thanks to updated law, Bitpanda offers to automatically deduct taxes from crypto in Austria
TUE, DEC 12
TaxTech Mix | Kontist releases Complete, CuratedAI's big update, Taxy.io improves AI bot, lexoffice renews receipt entry
MON, NOV 27
Indy has big plans for the self-employed in France with €40 million in new funding round
WED, OCT 25
Current status of B2B eInvoicing in the largest economies of the European Union
Reduced News
taxado: Career platform receives 1,4 million euros one month after launch (🇩🇪) | Trending Topics, Georg Haas (December 14th, 2023)
Publisher Dr. Otto Schmidt releases LLM-based Otto Schmidt Answers - powered by Taxy.io (🇩🇪) | Verlag Dr. Otto Schmidt, LinkedIn (December 8th, 2023)
ExpressSteuer
ExpressSteuer potentially looking for new funding (🇩🇪) |Daniel Hüfner, FinanceFWD (December 5th, 2023)
ExpressSteuer is insolvent (🇩🇪) | deutsche-startups.de (December 13th, 2023)
Your Weekly Dose
December 13th, 2023
Natalie Enzinger, Coinfinity
How the capital gains tax deduction works for cryptocurrencies from 2024 (🇬🇧)
As of January 1, 2024, in Austria, Bitcoin brokers and crypto platforms must withhold and pay capital gains tax to the state, affecting investors, traders, and these financial companies, particularly in cases of profitable crypto transactions, with the process involving tax calculation, deduction, and payment by these platforms, as outlined by tax expert Natalie Enzinger in her guest article with practical tips and examples
December 8th, 2023
Financial IT
ONE YEAR ON FROM EU’S PROPOSED VAT IN THE DIGITAL AGE (VIDA) REFORMS (🇬🇧)
🤖 | The European Commission's VAT in the Digital Age (ViDA) initiative, marking its first anniversary, introduces reforms for 2024-2028 to counter a significant VAT revenue loss in Europe, featuring real-time digital reporting, updated regulations for specific sectors, and a unified EU VAT registration system
December 8th, 2023
Götz Kümmerle, JUVE Steuermarkt
WTS and PSP establish AI joint venture (🇩🇪)
🤖 | The tax consulting firm WTS and the Munich-based boutique Peters Schönberger & Partner (PSP) are establishing a joint AI venture, aimed at enabling tax functions to independently develop AI applications
December 7th, 2023
Jens Henke, tax-tech.de
AI in the tax office: New training programme for tax prompt engineers (🇩🇪)
🤖 | ChatGPT and similar tools have created a new profession, the Tax Prompt Engineer, who specializes in crafting effective prompts to fully leverage AI chatbots' potential in tax consultancy, with emerging training programs to equip tax experts in using generative AI
🗞️ | We wrote about the Tax Prompt Engineer here
December 5th, 2023
Anli Chen, BDO
Christopher D'Ambola, BDO
The Future of AI Is Now. Is Tax Ready? (🇬🇧)
🤖 | Generative AI is revolutionizing tax functions and business operations, offering enhanced efficiency and advanced data insights, but requires high-quality, organized data for effective implementation. Its integration aids in overcoming staffing challenges and skill gaps, acting as a supplemental tool for tax professionals, not a replacement
At some point in time
Rob van der Woude, Fonoa
Tax Tech: To build, or not to build (🇬🇧)
🤖 | Indirect tax technology, crucial but not central to business operations, sparks a key debate among global businesses: whether to develop in-house solutions or purchase existing ones. This decision, influenced by factors like budget, timeline, opportunity cost, data security, and talent availability, has significant long-term implications for business functionality and compliance
Beyond PoC
Tax Filing Software for Small Business Owners Powered by Patented Artificial Intelligence and Machine Learning Technology
The all-in-one solution for small businesses and self-employed
Withholding tax processing made simple
Portugal's business super-app
TaxTech Jobs
Candis 🇩🇪 Product Manager - Integrations
GetMyInvoices 🇩🇪 Produktmanager:in
Taxy.io 🇩🇪 Senior DevOps Engineer
smartsteuer 🇩🇪 Softwareentwickler:in - (Kotlin, Groovy, Java)
smartsteuer 🇩🇪 Steuerexpert:in
For the full overview of our European TaxTech Jobs board - covering Tax, Product and Tech - click the purple button 👇🏻
The End
That is all we have for you today. For any feedback, please head over to our contact page. To follow us directly for the latest news, have a look at our LinkedIn page.
You can expect the 8th edition of Value Added Tech with more news about the TaxTech sector on January 7th, 2024. See you next year for more great reporting on the TaxTech sector.
Made with 💜 in Berlin
⚠️ Despite careful preparation, we are not liable for the content of this newsletter. Until a legally binding verdict is reached, the presumption of innocence always applies. For further information, please check the respective referenced sources. For further reference, see our Site Notice and Privacy Policy.
Value Added Tech
Your fortnightly TaxTech newsletter
Your advertisement could be placed here
contact@taxtech.news
👋🏻
Happy weekend and welcome to the seventh edition of Value Added Tech!
First of all, we would like to thank more than 100 professionals on LinkedIn for their interest in our coverage of TaxTech. We celebrate this with a complete redesign of our logo, website and overall aesthetic. Head over to TaxTech.news and let us know what you think.
Tomorrow morning also sees the launch of our new TaxTech Talkinterview series, with our first guest being DivTax co-founder Nicolas Oldag.
📰 TaxTech News
The last two weeks have been very exciting! First we have mecenalaunching new banking services for creators in Europe. Followed by Bitpanda starting to offer automatic tax deduction on crypto profits. All wrapped up with our TaxTech Mix, where we took a look at the latest releases from our favourite TaxTechs
⚡️ Reduced News
Reduced News is back to catch you up on what happened to ExpressSteuer. Spoiler - it is a sad story. Also, taxado has raised some money
☕️ Your Weekly Dose
Six long reads carefully selected for you
🚀 Beyond PoC (= Beyond Proof of Concept)
A bunch of different TaxTechs worth exploring: AiTax, Bonsai, RAQUEST and Rauva
🧑🏻💻 TaxTech Jobs
There are some new, interesting jobs popping up again. Led by smartsteuer (Product & Tech), Candis (Product), GetMyInvoices(Product) and Taxy.io (Tech). More on our job board - which has also been updated with a new design
Thank you and happy reading 🎄
TaxTech News
SUN, DEC 10
Mecena officially launches banking for creators in Europe
Self-proclaimed "Banking for Creators" mecena has officially launched its services, starting in France (🇫🇷), Germany (🇩🇪), the Netherlands (🇳🇱) and Spain (🇪🇸) with an iOS app. Other countries
THU, DEC 14
Thanks to updated law, Bitpanda offers to automatically deduct taxes from crypto in Austria
TUE, DEC 12
TaxTech Mix | Kontist releases Complete, CuratedAI's big update, Taxy.io improves AI bot, lexoffice renews receipt entry
MON, NOV 27
Indy has big plans for the self-employed in France with €40 million in new funding round
WED, OCT 25
Current status of B2B eInvoicing in the largest economies of the European Union
Reduced News
taxado: Career platform receives 1,4 million euros one month after launch (🇩🇪) | Trending Topics, Georg Haas (December 14th, 2023)
Publisher Dr. Otto Schmidt releases LLM-based Otto Schmidt Answers - powered by Taxy.io (🇩🇪) | Verlag Dr. Otto Schmidt, LinkedIn (December 8th, 2023)
ExpressSteuer
ExpressSteuer potentially looking for new funding (🇩🇪) |Daniel Hüfner, FinanceFWD (December 5th, 2023)
ExpressSteuer is insolvent (🇩🇪) | deutsche-startups.de (December 13th, 2023)
Your Weekly Dose
December 13th, 2023
Natalie Enzinger, Coinfinity
How the capital gains tax deduction works for cryptocurrencies from 2024 (🇬🇧)
As of January 1, 2024, in Austria, Bitcoin brokers and crypto platforms must withhold and pay capital gains tax to the state, affecting investors, traders, and these financial companies, particularly in cases of profitable crypto transactions, with the process involving tax calculation, deduction, and payment by these platforms, as outlined by tax expert Natalie Enzinger in her guest article with practical tips and examples
December 8th, 2023
Financial IT
ONE YEAR ON FROM EU’S PROPOSED VAT IN THE DIGITAL AGE (VIDA) REFORMS (🇬🇧)
🤖 | The European Commission's VAT in the Digital Age (ViDA) initiative, marking its first anniversary, introduces reforms for 2024-2028 to counter a significant VAT revenue loss in Europe, featuring real-time digital reporting, updated regulations for specific sectors, and a unified EU VAT registration system
December 8th, 2023
Götz Kümmerle, JUVE Steuermarkt
WTS and PSP establish AI joint venture (🇩🇪)
🤖 | The tax consulting firm WTS and the Munich-based boutique Peters Schönberger & Partner (PSP) are establishing a joint AI venture, aimed at enabling tax functions to independently develop AI applications
December 7th, 2023
Jens Henke, tax-tech.de
AI in the tax office: New training programme for tax prompt engineers (🇩🇪)
🤖 | ChatGPT and similar tools have created a new profession, the Tax Prompt Engineer, who specializes in crafting effective prompts to fully leverage AI chatbots' potential in tax consultancy, with emerging training programs to equip tax experts in using generative AI
🗞️ | We wrote about the Tax Prompt Engineer here
December 5th, 2023
Anli Chen, BDO
Christopher D'Ambola, BDO
The Future of AI Is Now. Is Tax Ready? (🇬🇧)
🤖 | Generative AI is revolutionizing tax functions and business operations, offering enhanced efficiency and advanced data insights, but requires high-quality, organized data for effective implementation. Its integration aids in overcoming staffing challenges and skill gaps, acting as a supplemental tool for tax professionals, not a replacement
At some point in time
Rob van der Woude, Fonoa
Tax Tech: To build, or not to build (🇬🇧)
🤖 | Indirect tax technology, crucial but not central to business operations, sparks a key debate among global businesses: whether to develop in-house solutions or purchase existing ones. This decision, influenced by factors like budget, timeline, opportunity cost, data security, and talent availability, has significant long-term implications for business functionality and compliance
Beyond PoC
Tax Filing Software for Small Business Owners Powered by Patented Artificial Intelligence and Machine Learning Technology
The all-in-one solution for small businesses and self-employed
Withholding tax processing made simple
Portugal's business super-app
TaxTech Jobs
Candis 🇩🇪 Product Manager - Integrations
GetMyInvoices 🇩🇪 Produktmanager:in
Taxy.io 🇩🇪 Senior DevOps Engineer
smartsteuer 🇩🇪 Softwareentwickler:in - (Kotlin, Groovy, Java)
smartsteuer 🇩🇪 Steuerexpert:in
For the full overview of our European TaxTech Jobs board - covering Tax, Product and Tech - click the purple button 👇🏻
The End
That is all we have for you today. For any feedback, please head over to our contact page. To follow us directly for the latest news, have a look at our LinkedIn page.
You can expect the 8th edition of Value Added Tech with more news about the TaxTech sector on January 7th, 2024. See you next year for more great reporting on the TaxTech sector.
Made with 💜 in Berlin
⚠️ Despite careful preparation, we are not liable for the content of this newsletter. Until a legally binding verdict is reached, the presumption of innocence always applies. For further information, please check the respective referenced sources. For further reference, see our Site Notice and Privacy Policy.