Short description
Income Tax Software on Cloud, SaaS
Description
Company Background
Algobizz Berhad is a company wholly holding iBiZZCLOUD SDN BHD as the operational company of iBiZZtax, a Cloudtax Solution Development company focused on serving the Professional Industry, primarily Tax Agents and Tax Consultants. The company received recognition as a Malaysia Digital (MD) Status company on 8 April 2024, signifying its commitment to easing the complexities of taxation procedures and instant e-filing processes. Being the one and only cloud system provider endorsed by Inland Revenue Board of Malaysia, iBiZZCLOUD has assisted over 830 tax professionals in digitizing their tax business since the launch of the cloud system.
This platform streamlines taxation processes, enhances efficiency, reduces errors, and cuts operational expenses. Tax professionals can access client data remotely via any internet-enabled device, enabling prompt advisory services. Cloudtax addresses common pain points of tax professionals using Excel, which struggles with rapid tax compliance changes. Unlike Excel, Cloudtax features built-in formulas for accuracy and consistency. Tax return filing takes only 3 seconds through Web-API integration with the government portal, minimizing processing time and eliminating redundant data entry. Additionally, accelerated national tax collection would be welcomed by the government.
With the significant value creation prompting tax professionals to embrace digital transformation, iBiZZCLOUD was selected as the Technology Solution Provider by MDEC since 2020, offering additional assistance to tax professionals in their digital adoption journey through grant application support.
Besides Malaysia, the company has a presence in Indonesia and is rapidly expanding its business to Southeast Asia.
Our Vision:
To build a Digital Tax Economy Ecosystem for the 15 member countries of the Regional Comprehensive Economic Partnership (RCEP).
Our Mission:
To continuously explore the field of AI technology in tax software industry towards providing simplified process of tax system.
Last funding
Noaccess
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Total funding
$$3123123
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Location
Kuala Lumpur, Kuala Lumpur, Malaysia, Asia
Founded on
August 29, 2018
Non-profit?
No
Acquired?
No
Employees count
11-50
Investors
Noway Youcantaccess
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Founders
Dato’ Seri Dr Goh Kwee Keng, Sam Lim Huay Chong, Serene See Aik Lian, Tiyo Chin Hock