Singapore/Hong Kong, 14 November 2023 – Regnology was awarded Best Tax Reporting Solution in the 6th Regulation Asia Awards for Excellence 2023 at an in-person ceremony on 14 November 2023.
The award recognises solutions that help firms efficiently manage tax reporting across multiple jurisdictions, including collecting data, generating reports, conducting integrity checks, and streamlining tax reporting processes.
Regnology was recognised for its Regnology Tax, a centralised tax reporting platform that facilitates reporting to tax authorities in 140 countries for financial institutions and end-clients, as well as compliance with the CRS/AEOI, FATCA, DAC6/MDR, and QI regimes. The end-to-end solution performs tax calculations, ensures data consistency, streamlines operational processes, and enables the secure submission of accurate and complete reports to tax authorities globally.
The solution is continually updated to account for changes to tax laws and reporting requirements, leveraging partnerships with the Big 4 firms. It can be deployed on the cloud, as a managed service, or using a hybrid model, making it highly scalable and allowing financial institutions to save costs and avoid having to manage multiple systems.
The Regulation Asia awards panel credited Regnology for the flexibility, comprehensiveness and significant automation provided by its end-to-end tax reporting solution, and its ability to continually stay up to date on international tax regime changes, including the incoming CESOP and Crypto-Asset Reporting Framework (CARF) regimes. “The ability to address these complex regulatory changes demonstrate the power and flexibility of the solution to provide timely and compliant tax reporting,” said one judge on the awards panel.
About the Regulation Asia Awards for Excellence 2023
The Regulation Asia Awards for Excellence recognises financial institutions, technology companies, legal and consulting firms, exchanges and other players that help ensure the highest regulatory compliance standards are upheld in the financial industry. Each year, senior industry practitioners serve on a judging panel to help assess and score each submission to determine the winning entrants.
For a full list of the award 2023 winners, visit www.regulationasia.com/awards.
About Regulation Asia
Regulation Asia is the leading source of actionable regulatory intelligence for Asia Pacific markets. With over 12,000 subscribers, including regulatory bodies, exchanges, banks, asset managers and service providers, Regulation Asia plays a key role in shaping the regulatory agenda.