‍3 minute read

‍Aeco developed a unique way of interacting with tax legislations. Experts and technologists jointly create a robust system containing various tax regulations. This creates benefits for individuals (B2C) as well as businesses (B2B). 

A novel way to interact with legislation 

From the very beginning, Aeco has been heavily involved in creating a completely novel way to interact with (tax) legislation. The goal is to cut through the noise and create a level playing field for all citizens. Legal as well as tax expertise is typically held by a small number of people and hence a scarce resource. The traditional legal offering typically involves a lot of manual work and is characterised by a lack of standardised processes. Consequently, the expertise is expensive and a large part of the population is effectively unable to benefit from this expertise.

The goal is to cut through the noise and create a level playing field for all citizens

By transforming rule based systems into code, Aeco is able to offer so called “first line” advice at scale. The economies of scale enable us to offer this first line advice free or at a very affordable price. By doing this, Aeco brings top quality advice to a large group of people who currently have no or limited access to this kind of expertise.

By transforming rule based systems into code, Aeco is able to offer “first line” advice at scale.

About our tax technology

Aeco has developed a robust system to deal with difficult (tax) regulations. This is based on a three prong approach:

• First, we visually map the applicable legislation in detail to uncover the links between the rules;
• Secondly, we turn the applicable legislation into code;
• Finally, we allow our internally developed algorithms to make an independent choice between the options provided.

As a consequence, our tax technology provides answers that are currently only given by experienced tax and legal professionals. And hence only available to those who can afford their services.

Our tax technology provides answers that are currently only given by experienced tax and legal professionals

Pioneering an innovative tax API

Aeco is a world pioneer in offering “tax API” services to corporations.

What: a novel way to digitally interact with tax regulations. The tax API allows corporations to quickly access tax regulations and use them across their business in a digital and integrated way. Potential use cases are internal as well as external and can range from simple calculations to complex optimisations.

The tax API allows corporations to quickly access tax regulations and use them across their business in a digital and integrated way.

Why: Instead of each business custom developing internal tools, they can now use Aeco’s robust foundation and algorithms to boost their digital offering. This allows them to jumpstart their innovative business models and gain a competitive advantage.

How: By leveraging the existing foundation (corporate income tax, personal income tax, withholding taxes, pension regulations,…) and if necessary adding custom business expertise or niche regulations (e.g. fund taxation, real estate taxation,...).

The tax API allows businesses to jumpstart their innovative business models and gain a competitive advantage.

Use cases

Due to the fact that legislation is added in a systematic and declarative way it is possible to build many different use-cases. Here are some of the use-cases that are currently build on top of the tax API:

• Tax advice for one man companies (dutch) : https://www.vennootschapofniet.be/simulatie
• Professional expenses (dutch): https://www.medicusspecialist.be/tools/beroepskosten-forfaitaire-kosten-thats-question 
• Belgian pensions: coming up

Ready to collaborate?

We warmly invite creative and innovative businesses to come forward with exciting projects to co-create.

• Leverage our tax API inside your organisation
• Transform internal excel sheets into applications
• Capitalise on internal know how
• Create a new business model
• …

We warmly invite creative and innovative businesses to come forward with exciting projects to co-create.