Technology, Media & Telecommunications 

A multinational IT giant engaged KPMG to assist in a transfer pricing defence.

KPMG helped prepare information required for reaching a settlement; identified and evaluated possible negotiation strategies; prepared responses to further enquires the Tax Bureau might raise; and met with the Tax Bureau to explain and discuss the transfer pricing policy on behalf of the Company. KPMG member firms in China and Hong Kong SAR worked closely on the project to deliver a tax-efficient resolution.

The conclusion of this transfer pricing project has helped the Company to minimise its transfer pricing adjustments and achieve a mutually agreeable solution for both the Company and tax authorities.

A multinational communication services group a leading player in Asia's information and communications technologies industry, engaged KPMG to assist in identifying potential transfer pricing risks; quantifying the potential material PRC income tax implications; formulating transfer pricing strategies, and preparing transfer pricing documentation.

KPMG identified and quantified potential risks and recommended corresponding resolutions to reduce transfer pricing risks. KPMG also assisted the Group in implementing the recommended transfer pricing strategies.

A US-based multinational semiconductor company that designs, manufactures and markets semiconductor products engaged KPMG to design transfer pricing options for the restructuring of its China operations and to comment on tax and transfer pricing issues in China and Hong Kong SAR.

KPMG member firms in China summarised the transfer pricing framework, identified potential tax outcomes, analysed the transfer pricing options and structured a tax-efficient transaction model.

The transfer pricing planning study on the new transaction model and pricing policies gave the client clear and effective guidance on how to proceed with their future operations in China.