EY

The EY tax practice covers a full range of tax services, including traditional corporate and personal tax consulting and compliance. It also covers international tax and transfer pricing consulting, M&A transaction tax services, and specialised tax controversy assistance. It serves inbound multinational companies doing business in Hong Kong as well as local-based companies investing in overseas countries. Partners Wilson Cheng and Martin Richter are the key practitioners. They oversee the business tax advisory and controversy division and the transfer pricing division respectively.

Wilson Cheng and the team recently assisted a Hong Kong-listed company in a tax controversy resolution. The work included formulating a comprehensive reply to the IRD’s inquiry and providing technical arguments to defend the intention of the disposal of the investment properties. The tax savings involved in this case were approximately US$4.6 million. 

In 2022, EY Hong Kong welcomed a new partner, Stuart Cioccarelli, to strengthen its international tax and transaction services. 

Client feedback 

“The EY team are proactive, insightful and readily available to support. They go above and beyond to ensure delivery and achievement of key milestones. I feel the TP team offer solid, pragmatic advice and have a genuine commercial interest.” 

“They understand our business, indicate where we can expect a challenge and provide practical and tactical guidance.” 

“EY is always very prompt and makes their best efforts to understand our needs and provides both technical and practical advice. EY's commitment makes our long relationship possible.” 

“The EY team reacts promptly to our requests, and they seek to understand our concerns and needs.” 

“They understand the business and able to provide good suggestions and feedback.” 

“EY possesses highly desirable qualities for the work they are engaged in. They are helpful and willing to offer assistance and provide guidance to our group when needed. This attribute is especially valuable in complex or challenging areas. They are insightful and have a deep understanding of the subject matter they are advising us on. They offer unique perspectives and ideas that we may not have considered before, resulting in better outcomes. They are approachable and easy to work with, which fosters better communication and collaboration. Finally, they are actively involved in the work, not just providing advice. They are willing to work alongside our group to achieve the desired outcome. Overall, EY is a valuable resource for our group's tax and transfer pricing advisory needs.”