Tax flies KPMG flag high

Tax flies KPMG flag high

KPMG bags another accolade as a leading transactional firm in Singapore in 2014 among many given by global tax publication

KPMG bags another accolade as a leading transactional firm in Singapore in 2014

KPMG bags another accolade as a leading transactional firm in Singapore in 2014 among many given by global tax publication

BY Lim Wei Chean

 

For yet another year, KPMG Singapore has been ranked a leading transactional firm in the Republic by global tax journal International Tax Review (ITR). In ITR's 2014 ranking of global leading transactional firms, KPMG Singapore was placed in Tier 1 together with the rest of the KPMG member firms in Asia Pacific (ASPAC), with the exception of KPMG Indonesia, which received a Tier 2 ranking.

A Tier 1 ranking means KPMG is considered one of the leading firms in a specific field, in this case, for giving advice in the difficult field of mergers and acquisitions. The crucial thing about the rankings is that they are entirely based on survey results given by tax directors of the world's leading multinational corporations. 

To make it more difficult, no votes from advisory firms were counted and firms could not send submissions to improve their chances of being ranked. Besides this accolade, KPMG Singapore also received a Tier 1 ranking in Transfer Pricing in 2014, the first time ITR released a definitive guide for this sector. 

On top of that, KPMG Singapore was ranked Tier 1 in the area of Tax Advisory for 2014. Last year, KPMG Singapore's Head of Indirect Tax Lam Kok Shang was also named one of the leading indirect tax advisors in the Republic for the second year running. The whole Tax practice was similarly cited as being one of Singapore's top tax practice in the important ITR World Tax publication, which tax professionals regard as the definitive guide to the best tax advisory practices in the world. The 2014 rankings for ITR World Tax will be out later this year. 

Head of Tax Tay Hong Beng said: "All these accolades and recognition are the result of the hard work all our people put in. And they are a testimony to how our practice and various service lines are held in high regard by the industry." And this will spur us on to get better at what we do and become the preferred tax advisors to our clients. 

"The thing to remember is that each of us matters, each of us has a role to play and it is only by working together that we can achieve great things."

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