Singapore, 27 August 2021 - KPMG has demonstrated outstanding expertise in tax yet again, receiving 16 accolades from the ITR Asia Pacific Tax Awards 2021, including Tax Litigation and Disputes Firm of the Year and the esteemed Tax Practice Leader of the Year award, for Lewis Lu, Head of Tax & Legal, KPMG Asia Pacific and KPMG China. This is strong recognition of KPMG firms’ wide-ranging expertise and outstanding leadership in tax in the region.
ITR is a leading global publication dedicated to the international tax industry, and its awards program recognizes and celebrates the achievements of tax and transfer pricing firms throughout the world. There are three award ceremonies hosted annually, highlighting the most impressive work carried out in the Asia Pacific, Europe, the Middle East and Africa, and Americas regions.
Notable achievements in tax disputes helped KPMG firms to be cited as ITR Tax Litigation and Disputes Firm of the Year in China, Hong Kong (SAR) China, Singapore and Taiwan.
KPMG firms have also paved the way for Transfer Pricing work in the region, securing a landmark bilateral advance pricing agreement (BAPA) in China and establishing a breadth and depth of Transfer Pricing experience in Thailand and Vietnam.
Additionally, the ITR Asia Pacific Tax Awards 2021 Impact Deals of the Year category recognized KPMG firms’ work on three projects, which required sophisticated advice to navigate the complex demands of public corporations, high-profile mergers, cross-border transactions, first-of-its-kind business lines, and highly regulated sectors.
ITR Awards research lead John Harrison said of this year’s awards: “We have seen a great deal of strong and impactful work by tax practitioners this year – which is even more impressive with having to adapt to new ways of working and helping clients throughout the pandemic. We believe it is of the utmost importance to highlight these achievements.”
Lewis Lu, Head of Tax & Legal for KPMG Asia Pacific and KPMG China, and winner of Tax Practice Leader of the Year said: “It is an honor for KPMG firms to be recognized for our commitment to clients, the quality of our teams, and the work we are achieving in the region. We have seen tremendous growth in interest in Transfer Pricing in the region this year, and we are pleased to receive multiple awards for Transfer Pricing Firm of the Year. We will also continue to support our clients to the best of our abilities for all their Tax Litigation and Disputes needs.”
Mr Ajay Kumar Sanganeria, Partner, Head of Tax at KPMG in Singapore, said, “KPMG is honoured to receive the industry's recognition for our tax expertise on several fronts for yet another year, such as the Singapore Tax Disputes Firm of the Year by ITR Awards. The awards are timely as global tax matters raise tax risk exposures for companies, putting tremendous pressure on businesses to be strategic and cost-effective in managing their taxes for the future. These awards are also a testament to the quality of tax advisory that KPMG has been trusted and known for as we support clients to transform their tax functions, right-size their strategies while paying tax responsibly yet effectively.”
- China Tax Firm of the Year
- China Tax Disputes Firm of the Year
- Hong Kong (SAR) Tax Disputes Firm of the Year
- Singapore Tax Disputes Firm of the Year
- Taiwan Tax Disputes Firm of the Year
- China Transfer Pricing Firm of the Year
- Thailand Transfer Pricing Firm of the Year
- Vietnam Transfer Pricing Firm of the Year
- Tax Compliance and Reporting Firm of the Year
- Tax Litigation and Disputes Firm of the Year
- Tax Transactions Firm of the Year
- Withholding Tax Firm of the Year
Tax Practice Leader of the Year – Lewis Lu
Impact Deal of the Year:
- Hindustan Unilever India / GlaxoSmithKline Consumer Healthcare – KPMG in India
- Macquarie Infrastructure and Real Assets / AirTrunk – KPMG Australia
- Resolution / AMP Life – KPMG Australia
About the ITR Asia Pacific Tax Awards
Now in its 17th year, the ITR Asia Pacific Tax Awards 2021 recognize outstanding achievement by tax service professionals, teams and firms across the Asia Pacific region. This year’s awards also include World Tax/TP rankings of the most effective tax and TP practitioners in the world across more than 60 jurisdictions. ITR’s team of researchers and analysts assess tax work completed over a 12-month period to pick the nominees and winners.
KPMG is a global organization of independent professional services firms providing Audit, Tax and Advisory services. We operate in 146 countries and territories and in FY20 had close to 227,000 people working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.
In the Asia Pacific region, we are present in 20 countries and jurisdictions, bringing together the expertise of 50,000 people.