CCH, a Wolters Kluwer business, has entered into a partnership with Comtax, a provider of international tax planning software, to offer the Comtax System, which helps tax professionals reduce the tax costs of cross-border transactions.
With the Comtax System, professionals can identify and manage corporate tax risks in cross-border transactions, and understand the tax implications of cross-border payments of dividends, interest, royalty fees and capital gains on shares.
Based on a particular tax situation, Comtax extracts the relevant information and tax regulations from its database. It then mathematically analyzes the available options, as well as ranks them in order of tax efficiency. Comtax allows professionals to calculate cross-border transactions with all tax costs taken into account to and from 129 countries and jurisdictions worldwide, supported by an extensive reference database. The database is updated monthly, with information on withholding tax rates, tax legislation, future tax rates and tax news.
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