You are interacting with an AI-powered assistant. Responses are generated automatically and do not constitute professional advice. Users remain responsible for reviewing and validating any outputs before relying on them.
What is AI assistant ?
AI assistant is your intelligent research and analysis assistant within Loctax. It combines the power of AI with access to your organization's data and authoritative tax research database to help you quickly find answers, understand complex tax topics, and navigate your entity structure.
What AI assistant can do today
🔍 Tax Research & IBFD Content
🔍 Tax Research & IBFD Content
AI assistant has direct access to the International Bureau of Fiscal Documentation (IBFD) database, providing authoritative information on:
Tax news service
Corporate tax (PE, M&A)
VAT
Business and investment
Pillar 2
Transfer pricing
Digital service tax
Tax treaties
Case law (ECJ)
EU tax law
DAC6
Withholding rates
and other
Example prompts:
What are the withholding tax rates for dividends from Germany to the US?
Explain the permanent establishment rules in the Netherlands
What are the master file requirements under transfer pricing?
🏢 Organization & Entity Queries
🏢 Organization & Entity Queries
AI assistant can access your organization's entity data to answer questions about:
Ownership structures: Who owns what, and at what percentage
Subsidiary relationships: Direct and indirect ownership chains
Cap tables: Complete shareholder breakdowns
Geographic presence: Which countries your entities operate in
Entity details: Tax IDs, business activities, share capital, and status
Example prompts:
Show me all entities in Germany
Who are the shareholders of [Entity Name]?
What subsidiaries does our holding company own?
What countries does my organization operate in?
Show me the cap table for [Entity Name]
📄 Document Analysis
📄 Document Analysis
When you upload files to a chat conversation, AI assistant can read and analyze their content to:
Summarize key points
Answer questions about specific content
Extract relevant data
Compare information across documents
Example prompts:
Summarize this tax ruling
What are the key deadlines mentioned in the attached document?
Extract the tax rates from this filing
💡 General Tax Explanations
💡 General Tax Explanations
AI assistant can explain tax concepts, principles, and best practices:
Definitions and terminology
How specific tax mechanisms work
General compliance guidance
Conceptual explanations
Example prompts:
What is transfer pricing?
Explain the arm's length principle
How does VAT work for cross-border transactions?
Current Limitations
Not a Substitute for Professional Advice
AI assistant is a research and productivity tool, not a replacement for professional tax or legal advice. Always verify critical information with qualified professionals.
Possible Inaccuracies
Like all AI systems, AI assistant may occasionally misinterpret questions, provide incomplete information and generate responses that require verification. Always review AI-generated content critically, especially for high-stakes decisions.
IBFD Coverage Dependency
Tax research answers are based on IBFD's database coverage. Some topics or jurisdictions may have limited documentation available and gaps in specific niche areas.
Organization Data Access Scope
AI assistant can only access your organization's master and legal data.
It cannot access: Obligations, tasks, risks, and files from other conversations.
Context Limitations
For very long conversations or complex multi-part queries the AI may lose track of earlier context.
Best Practices for Effective Prompting
Be Specific with Countries/Jurisdictions
The AI performs best when you specify the relevant country or region.
Less effective | More effective |
"What are the corporate tax rates?" | "What is the corporate tax rate in Germany?" |
"Explain withholding tax" | "What are the withholding tax rates on dividends from France to Japan?" |
Name Your Entities Clearly
When asking about your organization's entities:
Less Effective | More Effective |
"Who owns our company?" | "Who are the shareholders of ABC Holdings BV?" |
"Show me the subsidiaries" | "What subsidiaries does Global Parent Corp own?" |
Break Complex Questions into Steps
For multi-part research instead of: "Tell me everything about our German entities' transfer pricing obligations and who owns them". Try:
"Show me all entities in Germany"
"What are the transfer pricing requirements in Germany?"
"Who are the shareholders of [specific entity]?"
Ask Follow-up Questions
AI assistant maintains conversation context, so you can:
Ask an initial question
Follow up with clarifications
Ask for more detail on specific points
Need Help?
If AI assistant doesn't give you the answer you need:
Try rephrasing your question with more specificity
Break complex questions into smaller parts
Check that the topic is within AI assistant's capabilities
Contact support if you believe something isn't working correctly
AI assistant is designed to accelerate your tax research and analysis, not replace professional judgment. Always verify important information with qualified advisors.