Tax made simple,
like magic.
MagicTax turns piles of receipts, invoices, and bank statements into clean, categorized books and filing-ready summaries — with every AI decision explained, so you can review in minutes instead of days.
Built in Seoul for Korean VAT, income tax, and withholding tax workflows.
Tax work is still done by hand
Most of the time spent on taxes goes not to decisions, but to gathering, entering, and reconciling data.
Scattered documents
Card statements, e-invoices, receipts, and bank records live in different places. Just collecting them takes days.
Repetitive bookkeeping
The same transactions get categorized again every month, and mistakes surface only right before the filing deadline.
Complex tax rules
Missed deductions and ever-changing tax law mean lost savings and unexpected penalties.
How MagicTax helps
We combine large language models with deep tax expertise to produce results that are fast to generate and easy for humans to review.
Document capture
Upload receipt photos, PDF invoices, or spreadsheet exports. AI extracts dates, amounts, and vendors automatically.
Smart categorization
Suggests the right account and VAT treatment for every transaction, and shows the reasoning behind each suggestion.
Filing preparation
Generates the summaries and checklists needed for VAT, income tax, and withholding tax returns.
Anomaly detection
Flags duplicates, missing documentation, and unusual amounts before you file — not after.
AI tax assistant
Ask questions like "Is this expense deductible?" and get clear answers grounded in the relevant tax provisions.
Secure by design
Sensitive financial data is encrypted, and final decisions and submissions always stay with you and your advisor.
One platform, two sides of the table
Whether you run a business or serve dozens of clients, MagicTax removes the busywork.
Sole proprietors, freelancers & small companies
Stop dreading tax season. Snap receipts as you go and always know where you stand.
- Upload documents from your phone in seconds
- See estimated VAT and income tax before deadlines
- Get plain-language answers to everyday tax questions
- Hand clean, organized books to your accountant
Accounting & tax firms
Spend your hours on advice and judgment, not data entry and reconciliation.
- Process client documents in bulk
- Review AI suggestions with the reasoning attached
- Catch anomalies across clients before filing
- Export filing-ready summaries and checklists
Three simple steps
No complicated setup. Just upload your documents.
Upload
Drop in receipts, invoices, and card or bank statements all at once.
AI analysis
AI reads and categorizes everything, surfacing only the items that need your attention.
Review & file
Review the organized summaries and checklists, then file with confidence.
AI you can actually trust with taxes
Taxes leave no room for guesswork. These principles guide every feature we build.
Explainable
Every suggestion comes with the reason and the relevant rule, never a black box.
Human in the loop
AI prepares, people decide. Nothing is filed without your review and approval.
Private by default
Your financial data is encrypted and never used to train public AI models.
Built on expertise
Designed by people with hands-on accounting and tax practice experience.
Where we're headed
We're building in close collaboration with early users. Here's our plan.
Document AI & categorization
Receipt and invoice extraction, transaction categorization with explanations, and anomaly flags.
In developmentPrivate beta
VAT and income tax filing summaries, tax Q&A assistant, and onboarding of early business and firm partners.
NextFirm workspace
Multi-client dashboards, bulk processing, and collaboration tools for accounting and tax firms.
PlannedBuilt by people who know tax from the inside
MagicTax is a tax-tech startup based in Seoul, Korea, founded on hands-on experience in accounting and tax practice. Our mission is to solve the inefficiencies we faced every day with technology.
We build on state-of-the-art large language models, including Anthropic's Claude, for document understanding, transaction classification, and tax Q&A.
Does MagicTax file my taxes for me?
MagicTax prepares everything you need — categorized books, summaries, and checklists — but you or your tax advisor always review and submit the final return.
Which taxes does it support?
We're starting with Korean value-added tax (부가가치세), comprehensive income tax (종합소득세), and withholding tax (원천세). More will follow based on user feedback.
Is my financial data safe?
Data is encrypted in transit and at rest, access is strictly limited, and your data is never used to train public AI models.
Can accounting firms use MagicTax?
Yes. Tax professionals are a core audience, and multi-client firm features are on our roadmap. We'd love to talk with firms interested in shaping the product.
When can I start using it?
We're preparing a private beta. Join the waitlist and we'll reach out as soon as spots open up.
Be the first to try MagicTax
Get notified when our beta opens and receive early access. Partnership and investment inquiries are welcome.
Request early access [email protected]