eToro successfully implements client tax reporting software from Regnology

Zurich, January 27, 2022 – eToro, the global social investing network, has chosen Regnology’s tax reporting solution EasyTax to produce tax reports for its clients. During the implementation phase, teams from Regnology and eToro worked closely together to embed EasyTax into eToro’s infrastructure. After the successful go-live with UK and Germany in 2021, tax reporting will be deployed for further countries in 2022.

Investing is no longer confined to the professionals or the very wealthy. Advances in technology mean that today an increasing number of people around the world can take an active role in building their wealth and financial security. Thus, even more people need help with their tax reporting.

At eToro, we constantly try to improve the services we offer to our clients. The collaboration with Regnology and the use of their EasyTax solution allows us to produce high quality and country-specific tax reports for our clients. It was important for us to deploy EasyTax as a cloud solution and to highly automate the processes. In this way, we can efficiently produce high volumes of tax reports on request.

Tom Spigland, Product Manager at eToro

We are very pleased to work together with an innovative fintech like eToro. With the introduction of EasyTax, eToro makes it easier for its clients to file their taxes. Due to the broad coverage of assets, EasyTax can provide tax reporting for traditional investors, and for investors that focus on newer asset classes such as crypto. We expect that other fintechs and online brokers will follow the same direction and include client tax reporting in their service offering.

Mathias Wegner, Product Director at Regnology

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 30 country-specific modules have been built on tax concepts provided by Big 4 tax advisors. More than 80 financial institutions worldwide have already selected EasyTax for their client tax reporting.

About eToro

eToro is a social investment network that empowers people to grow their knowledge as part of a global community of successful investors. eToro was founded in 2007 with the vision of opening up the global markets so that everyone can trade and invest in a simple and transparent way. Today, eToro is a global network of more than 25 million registered users who share their investment strategies; and anyone can follow the approaches of those who have been the most successful. Users can buy, hold and sell assets, monitor their portfolio in real time, and transact whenever they want.