Taxually Acquires LumaTax

taxually

Taxually, a Budapest, Hungary-based cloud-native VAT software provider, acquired Califonia-based sales and use tax (SUT) automation company LumaTax.

The amount of the deal was not disclosed. The acquisition will enable Taxually to accelerate growth globally across both Enterprise and E-commerce segments and to further expand its indirect tax product suite. By acquiring LumaTax, Taxually is combining tech teams and tax experts, as well as building for its clients an end-to-end VAT and Sales and Use Tax solution to address enterprise clients and e-merchants’ needs both in the US and the European markets.

LumaTax is a pioneer in sales and use tax (SUT) automation, supporting Enterprises and leading accounting practices across the United States and around the world.

With LumaTax, customers are empowered to: 

  • Understand their Sales and Use Tax filing and remittance obligations across the whole of the United States within just a few minutes
  • Automate the consolidation, clean-up, and review of transaction data
  • Apply for multi-state registrations online
  • Prepare and file SUT returns in any state
  • Reconcile their accounts

FinSMEs

12/04/2023