PRESS RELEASE

COMTAX expands its market presence to Brazil by partnering with TAXCEL

​COMTAX, the Swedish provider of unique tax planning and tax management tools, and TAXCEL the Brazilian technology company specialized in simplification and optimization of the tax assessment and review process, announce they have reached an agreement for TAXCEL to promote COMTAX products and services in the Brazilian market.

Brazil is the largest national economy in Latin America and ninth largest economy in the world. Added to this Brazil has also the eighth largest purchasing power parity. The Brazilian tax landscape is one of the most sophisticated in terms of leveraging technology. As Brazilian companies expands their global presence into foreign locations it will create an increased amount of cross-border taxation issues.

“It is a great opportunity to partner with COMTAX, since both companies have developed systems designed to simplify the work of different professionals: we are aligned in the use technology as a tool for companies´ daily business. We believe this can facilitate tax professionals work as well as companies’ transaction evaluation. This is especially relevant in the Brazilian taxation scenario” says, Pedro Lima, Founder and CEO of TAXCEL.

“This is a unique market that has been difficult for us to approach from our other locations and partners. By partnering with TAXCEL it creates a great opportunity as TAXCEL has the advantage of not only being a local tax software company but they also have the ability to leverage their many years of working as tax professionals in Brazil. We hope that this is the start to reach other Latin American markets as well.” says Christoffer Asmundsson, CEO of COMTAX.
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For more information contact:

COMTAX AB
CEO, Christoffer Asmundsson
+46 10 480 47 90

​TAXCEL
Founder and CEO, Pedro Lima 
+55 11 4240 2136