The Asia Tax Awards followed the two-day Asia Tax Forum which also took place on May 4 and 5 at the Goodwood Park Hotel in Singapore.
These coinciding events made for an exciting two days, with premier taxpayers, officials and practitioners from the Asia Pacific region discussing key topics in tax.
KPMG took home 14 awards in total, including the Asia indirect tax firm of the year, the Asia international tax firm of the year, the US corporate tax practice of the year, the Asia global executive mobility practice of the year. The firm also scooped three national tax firm awards for China, Taiwan and Thailand, four transfer pricing awards for China, India, the Philippines, and Singapore, and two tax disputes and litigation awards for China and Thailand.
KPMG China won for its expertise in the variety of transactions and disciplines it covered throughout the year. It also won the tax disputes and litigation award for the diversity of cases it dealt with during the year, which spanned VAT, transfer pricing and withholding tax, showcasing its exceptional understanding of the tax system.
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Asia International Tax Firm of the Year - KPMG |
Deloitte was honoured with 11 awards, including Asia transfer pricing firm of the year, FATCA/withholding tax team of the year, Asia tax innovator of the year, Asia tax technology firm of the year, as well as Vietnam national tax firm of the year, five transfer pricing awards for Indonesia, Japan, Malaysia, New Zealand and Asia, and two tax disputes and litigation awards for Singapore and Taiwan.
Deloitte won the tax disputes and litigation award for Singapore for its strength in resolving R&D, transfer pricing and GST disputes, and also earned the same award in Taiwan for its advice in cases that covered topics such as amortisation and related parties.
PwC received seven awards from the ceremony, including the Asia tax policy firm of the year award. Its total also included three national tax firm awards for Hong Kong, Indonesia, and Malaysia, and three transfer pricing awards for Hong Kong, Taiwan, and Vietnam.
PwC Hong Kong was noted as a comprehensive tax practice that serves clients in a range of sectors, particularly financial services. Its transfer pricing department was also recognised, winning for handling a number of big-ticket matters over the past year including APAs and the reorganisation of a Chinese business in Hong Kong.
Six awards were received by Baker & McKenzie, including the transfer pricing practice of the year award and the tax disputes and litigation award for Asia. On top of these it won three other national tax disputes and litigation awards for Hong Kong, Indonesia and Vietnam as well as a national tax firm award for Singapore.
Baker & McKenzie, Wong & Leow, won national tax firm of the year for its capability in a wide breadth of deals, including a key reorganisation and the creation of a commodity trading platform.
EY received two awards for tax compliance and reporting firm of the year and for tax disputes and litigation firm of the year in India.
Yulchon was honored with Asia tax transactions firm of the year as well as tax firm of the year for India.
Other notable winners included the Asia tax commissioner of the year, which was awarded to Dato' Sri Khazali Bin Haji Ahmad, director general of customs at Royal Malaysian Customs and KPMG, which won the Asia tax firm of the year for its strength and depth in its international tax practice throughout Asia.
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Asia Tax Disputes and Litigation Practice Leader of the Year - Tarun Gulati of PDS Legal |
The Asia Tax Awards winners
Australia
Tax firm of the year - DLA Piper
Transfer pricing firm of the year - Transfer Pricing Solutions
Tax disputes and litigation firm of the year - Herbert Smith Freehills and Greenwoods & Herbert Smith Freehills
China
Tax firm of the year - KPMG
Transfer pricing firm of the year - KPMG
Tax disputes and litigation firm of the year - KPMG
Hong Kong
Tax firm of the year - PwC
Transfer pricing firm of the year - PwC
Tax disputes and litigation firm of the year - Baker & McKenzie
India
Tax firm of the year - SKP Group
Transfer pricing firm of the year - KPMG
Tax disputes and litigation firm of the year - EY
Indonesia
Tax firm of the year - PwC
Transfer pricing firm of the year - Deloitte
Tax disputes and litigation firm of the year - Hadiputranto Hadinoto & Partners
Japan
Tax firm of the year - Withers
Transfer pricing firm of the year - Deloitte
Tax disputes and litigation firm of the year - Nagashima Ohno & Tsunematsu
Malaysia
Tax firm of the year - PwC
Transfer pricing firm of the year - Deloitte
Tax disputes and litigation firm of the year - Shearn Delamore
Myanmar
Tax firm of the year - VDB LOI
New Zealand
Tax firm of the year - Bell Gully
Transfer pricing firm of the year - Deloitte
Tax disputes and litigation firm of the year - Russell McVeagh
Philippines
Tax firm of the year - BDB Law
Transfer pricing firm of the year - RGM & CO
Tax disputes and litigation firm of the year - Salvador Llanillo & Bernardo, Taxand Philippines
Singapore
Tax firm of the year - Baker & McKenzie. Wong & Leow
Transfer pricing firm of the year - KPMG
Tax disputes and litigation firm of the year - Deloitte
South Korea
Tax firm of the year - Yulchon
Transfer pricing firm of the year - Lee & Ko
Tax disputes and litigation firm of the year - Yoon & Yang
Taiwan
Tax firm of the year - KPMG
Transfer pricing firm of the year - PwC
Tax disputes and litigation firm of the year - Deloitte
Thailand
Tax firm of the year - KPMG
Transfer pricing firm of the year - Quantera Global
Tax disputes and litigation firm of the year - KPMG
Vietnam
Tax firm of the year - Deloitte
Transfer pricing firm of the year - PwC
Tax disputes and litigation firm of the year - Baker & McKenzie
Asia tax policy firm of the year - PwC
Asia tax compliance & reporting firm of the year - EY
Asia tax technology firm of the year - Deloitte
Asia tax innovator of the year - Deloitte
Asia global executive mobility practice of the year - KPMG
US corporate tax practice of the year - KPMG China
Best newcomer awards - Dhruva Advisors
FATCA / Withholding tax team of the year - Deloitte
Asia international tax firm of the year - KPMG
Asia tax transactions firm of the year - Yulchon
Asia indirect tax firm of the year - KPMG
Asia tax disputes and litigation practice leader of the year - Tarun Gulati of PDS Legal
Asia tax disputes and litigation firm of the year - Baker & McKenzie
Asia transfer pricing practice leader of the year - Shanwu Yuan of Baker & McKenzie
Asia transfer pricing firm of the year - Deloitte
Asia tax practice leader of the year - Mark Tamayo of SGV & CO
The International Tax Review would like to thank all those that attended. We hope to see you all again at the next Asia Tax Awards.
