Ryan has acquired Comtax, a tax technology and consulting business based in São Paulo, Brazil, for an undisclosed sum.
Established in 2018 by Marcelo Simões, Gilmar Brandão and Ricardo Carvalho, Comtax offers services in tax determination, compliance and technology-supported tax operations.
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The company works with “large-scale businesses” across Brazil, Ryan said in a statement.
The deal gives Ryan an operational foothold in Brazil and broadens its capacity to support clients with tax, compliance and technology-related needs, it added.
Ryan Latin American operations president Jon Sweet said: “This acquisition represents an important step in Ryan’s strategy to expand our capabilities across Latin America.
“Comtax brings a highly experienced team with deep knowledge in one of the region’s most complex tax environments.
“Their expertise, combined with Ryan’s global scale and broader tax services and software capabilities, gives us a stronger platform to serve clients in Brazil and across the region.”
Comtax’s offerings include digital tax consulting such as process assessments, tax mapping, governance and optimisation; tax-determination support; and tax technology implementation across platforms including SAP and Oracle.
The company also provides compliance and tax efficiency support through preventive audits, validations and risk-reduction work.
Other services include data and tax-matrix reviews covering product classification and supplier and customer validation, as well as tax audit support for digital file audits, inspections and compliance requirements.
As per the terms of the deal, Simões, Brandão, Carvalho and nearly 70 employees will join Ryan’s Latin American team. They will continue working with clients from São Paulo.
Simões said: “Joining Ryan is an exciting new chapter for our team and our clients.
“Our organisations share a commitment to excellence and disciplined processes for solving complex tax and technology challenges.
“With Ryan, we can build on the services our clients trust today while expanding the capabilities available to them.”
