InCorp Advisory Australia has acquired TMSL - Tax Technology Managed Services for an undisclosed amount. This corporate acquisition marks a significant expansion for InCorp, integrating TMSL's specialized tax technology and managed services capabilities into its portfolio.
TMSL is a modern-day Tax Technology firm focused on automating routine and repetitive tax tasks for businesses, enabling them to concentrate on strategic functions. The company provides all-at-source solutions for Indian and GCC Indirect Taxes, addressing the increasing demand for e-linking and e-assessments. Its core offerings include tax technology tools, customized managed services (outsourcing, insourcing, co-sourcing), transaction structuring and tax optimization advisory, and litigation management support enhanced by tailored tools. TMSL also developed QUASAR, a platform for Middle East tax professionals, and operates a "BOT Store" for various solutions.
This acquisition is strategically important for InCorp Advisory Australia as it seeks to enhance its service offerings with advanced tax technology and specialized expertise. TMSL's focus on automation and its deep knowledge in indirect taxes across India and the GCC region will complement InCorp's existing advisory services. The integration is expected to create synergies by combining InCorp's broader advisory reach with TMSL's innovative tech solutions and expert team, allowing for a more comprehensive and technologically driven approach to client needs.
The combined entity aims to deliver enhanced value to clients by leveraging TMSL's technological prowess and InCorp's established advisory framework. This integration is anticipated to strengthen their position in the evolving tax landscape, offering businesses more efficient and sophisticated solutions for their tax compliance and strategic planning requirements globally.