The team at Baker McKenzie includes two partners and four fee earners providing indirect tax, tax disputes, tax compliance and tax accounting advice. The wealth management team and tax professionals help clients with financial services regulation, financial product development, family business governance, trusts, personal and corporate tax issues, estate planning, wills, probate and other related areas. It also works with the revenue authorities and has a deep experience engaging with the local government agencies and tax authorities.
In 2018, Michael Wong and his colleagues assisted Google with tax structuring issues. The project is valued at $1.1 billion and it is the client‘s second major acquisition of a smartphone manufacturer covering several jurisdictions such as Taipei, Palo Alto and London.
The team at Deloitte is led by Ye-Hsin Lin, who specialises in corporate income tax, business tax and tax controversies. The team has more than 445 tax professionals across Taiwan. Other key practitioners include Austin Chen, AI Chang and Ming Chang. It covers a wide range of tax practices including indirect tax, tax disputes and transactional tax. It uses technology such as Robotic Process Automation (RPA) to improve its tax service efficiencies. The Ministry of Finance often invites tax partners to events as representatives of the Certified Public Accountants Association.
In the last year, the team represented the client in clarifying the issue of loss carryforwards with the tax authorities regarding the Business Mergers and Acquisitions Act.
Jay Lo and Mike Lai lead the tax practice at Grant Thornton Taiwan. It is a member firm of Grant Thornton International and has more than 200 professionals in Taipei, Taichung and Kaohsiung. It offers a full range of practices, assisting clients of various sizes in an increasingly complex market. Most of its clients are in the electronic and services areas. In 2018, it solved more than 100 cases and expected to grow by 10% in the next year.
Emily Pai joined the firm as a tax assistant in 2018. In addition, it hired Esther Hsu and Marsel Wang as a tax specialists.
In the past year, Hazel Chen at KPMG helped one client in defending its corporate tax position on intra-group transactions related to the recognition operating for multiple tax years. It saved approximately $14.5 million. Another recent example of the firm’s work saw Kevin Chen and Robin Huang assist one client in defending against the challenge on the application of the preferential withholding tax rate for dividend income under the double tax agreement between Taiwan and the Netherlands.