Innovative platform EasyTax acknowledged by RegTech Insight as “Best Vendor Solution for Tax Compliance”, standard software solution FiTAX as “Best Vendor Solution for the Common Reporting Standard (CRS)”
Frankfurt and Singapore, October 28, 2021 - Regnology, a leading international provider of innovative regulatory, risk, and supervisory technology solutions, as well as of AEOI and tax reporting products, has won the prestigious RegTech Insight Awards for “Best Vendor Solution for Tax Compliance” and for “Best Vendor Solution for the Common Reporting Standard (CRS)” in the APAC region. With the awards, A-Team Group, the publisher of RegTech Insight, honors providers of leading RegTech solutions, services, and consultancy who are creatively finding solutions to help with regulatory challenges.
In this year’s award process, the readers of RegTech Insight and the RegTech Summit Advisory Board selected both tax products that are part of Regnology’s global tax platform:
EasyTax was chosen as a solution for financial institutions to support their clients without the need to establish and maintain in-house tax expertise. EasyTax can calculate account balances, income amounts, and taxable capital gains. The solution also highlights deductible amounts and expenses as well as it makes clients aware of reclaimable tax credits. Thus, financial institutions can provide their clients with high-quality tax reports in 35 countries worldwide.
FiTAX was chosen as a standardized, ready-to-use tax reporting software that not only meets the reporting requirements of CRS/AEOI but also of QI, QDD / 871(m), FATCA, TRACE and DAC6/MDR. The solution enables financial institutions to fulfill tax reporting duties in more than 140 countries. For each country, the local guidance, specific rules, reporting formats and reporting deadlines are analyzed. FiTAX is constantly updated in accordance with the ever-changing tax laws and tax reporting requirements from tax authorities, so financial institutions do not have to focus on monitoring and implementing changes but can instead focus on their core activities.
Many congratulations to Regnology for winning Best Vendor Solution for Tax Compliance and Best Vendor Solution for the Common Reporting Standard (CRS) in our inaugural RegTech Insight Awards APAC 2021. It’s a real vote of confidence from across our readership of 30,000+ senior technology officers and RegTech specialists, who selected Regnology as the clear winner in a very competitive field.
Andrew Delaney, President and Chief Content Officer of A-Team Group
We are honored that RegTech Insight acknowledges Regnology twice in their 2021 award series. It makes us proud that the readers were part of the jury, which validates that the two products within our tax reporting platform are beneficial for financial institutions and intermediaries. The win also shows that our customers benefit from the quality and the usefulness of EasyTax and FiTAX, and therefore voted for our solutions.
Bella Lai, Country Lead Singapore at Regnology
Both FiTAX and EasyTax are part of Regnology’s global tax platform, which offers clients the centralization of their tax reporting to authorities and to clients. The platform supports the managing of five tax regimes, as well as off- and onshore tax calculation, withholding and client tax reporting:
EasyTax is Regnology’s standard software solution for producing country-specific tax reports and enables financial institutions to provide clients with a service to ease the burden of their tax filing duties. Based on a development history of 20 years, more than 35 country-specific modules have been built on tax concepts provided by Big 4 tax advisors. More than 90 financial institutions worldwide have already selected EasyTax for their client tax reporting.
With 20 years of experience in the development of tax reporting solutions, Regnology offers with FiTAX a tried-and-tested, market-leading tax reporting software solution for financial institutions and intermediaries. More than 3,200 foreign financial institutions (FFI) use FiTAX in more than 140 countries.
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