KPMG won three transfer pricing awards during last night's International Tax Review's (ITR) third annual Asia Tax Awards ceremony at the Fullerton, Singapore, including the coveted Asia Transfer Pricing Firm of the Year award. The wins cap off a successful year for the firm's Global Transfer Pricing Services team, which also won China Transfer Pricing Firm of the Year and Hong Kong Transfer Pricing Firm of the Year.
The ITR Asia Tax Awards, determined by ITR's editorial team, celebrate the most innovative tax transactional, structuring, litigation and transfer pricing work done in Asia and are awarded to firms that demonstrate excellence, including innovation and an ability to deal with complexity and strength in depth in each category.
"We thank ITR for their recognition of KPMG's transfer pricing accomplishments with these esteemed awards," said Steven Tseng, Partner in charge, China & Asia Pacific Leader, Global Transfer Pricing Services, KPMG China. "These wins are a testament to our dedicated and talented team who consistently deliver authoritative, strategic and practical transfer pricing advice. It also exemplifies the strength of our reputation and market presence across Hong Kong and Mainland China in achieving the business and tax objectives for our clients across a range of transfer pricing issues."
KPMG China's Global Transfer Pricing Services team has over 200 specialists in Greater China and over 450 skilled transfer pricing professionals across Asia Pacific. "With our extensive network and integrated business model, we can provide long-lasting value and new perspectives to clients on a local, regional and global scale," said Mr. Tseng.
Mr. Tseng also points out that KPMG differentiates itself by tailoring its services to meet clients' changing needs through industry alignment. "We have teams assigned to cover our major clients groups - Industrial, Consumer Markets, Chemical, Information and Communications, Pharmaceutical, Financial Services and Property & Infrastructure - as well as dedicated teams to serve Japanese, Korean and Taiwanese clients. This gives us unique and intimate knowledge into client industries and allows us to provide informed and appropriate solutions quickly and confidently."
KPMG is a global network of professional firms providing Audit, Tax and Advisory services. We operate in 144 countries and have 137,000 people working in member firms around the world.
The independent member firms of the KPMG network are affiliated with KPMG International, a Swiss cooperative. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
KPMG China has 12 offices (including KPMG Advisory (China) Limited) in Beijing, Shenyang, Qingdao, Shanghai, Nanjing, Chengdu, Hangzhou, Guangzhou, Fuzhou, Shenzhen, Hong Kong and Macau, with more than 9,500 professionals.
ITR is recognized as one of the world's leading magazines dedicated to international tax strategy. Each issue includes comprehensive international news and analysis, unique guides to the most recent international deals, in-depth features, surveys, international updates and profiles.