Taiwan

Reviews

Practice area

World Tax Reviews

Tax
Baker McKenzie

Sai Ree Yun, Seok Hoon Kang and Dong Soo Kim lead the tax practice at Yulchon. The firm provides services including international tax, corporate tax, due diligence, transactions, foreign direct investment, dispute resolution and litigation. It advises clients on M&A, inbound and outbound structuring, cutting-edge ruling requests, compliance, tax audit defence and tax appeal. 

In the past year, Dong Soo Kim, Sang Woo Song and Young Hwa An helped Daewoo Shipbuilding & Marine Engineering on a transactional tax matter. It advised on the optimal tax structure as to complete the restructuring transaction and resolved tax issues within a short timeframe.

In 2017, Won Bong Yang and Won Ju Lee joined the firm as a senior certified public accountants (CPAs). In 2018, Chung Sik Yoon joined the firm as a tax consultant and Dong Hoon Ha joined the firm as a senior CPA.

Deloitte

Deloitte Taiwan is led by tax managing partner and international tax expert Austin Chen. It has more than 445 tax professionals across Taiwan. The main leaders are Chen, Ye-Hsin Lin, Al Chang and Ming Chang. The tax specialists offer a wide range of high value-added tax services in general corporate tax, indirect tax, tax controversy and transactional tax, which leads clients on staying on the top of market trends. The Ministry of Finance often invites tax partners to events as representatives of the Certified Public Accountants Association. Deloitte Taiwan takes advantage of technology to improve tax services efficiencies. In tax, Robotic Process Automation (RPA) refers to software used to create automations, or robots, which are configured to execute repetitive processes such as submitting filings to tax authority web portals.

In 2017, Christine Hung, lead client service partner, helped a multinational company selling pharmaceutical products establish an electronic VAT invoicing procedure for a business operation system. The firm was involved as a VAT adviser to assist the client in establishing and implementing an e-GUI invoicing procedure. It not only helped the client meet the VAT invoicing requirements but also improved the effectiveness of its business management.

EY

EY Taiwan is led by Heidi Liu and includes more than 200 tax professionals, including eight tax partners. It provides a wide range of tax services in corporate income taxes, personal income taxes, global mobility, indirect taxes, transactional tax, international tax services, transfer pricing, tax and business regulations compliance services, global compliance and reporting (GCR), tax technology and transformation. The tax office also assists client with Taiwanese companies’ outbound investment and acquisition and the tax risk management and supply chain planning created by the BEPS initiatives. The group allows for market-facing sector professionals working with the EY global team to cover several industries such as oil and gas, technology, financial services, life sciences and government and the public sector.

In 2017, Sophie Chou helped an international integrated securities dealer to recognise its goodwill derived from M&A for Taiwanese tax purposes, which prevented the client losing large tax savings from goodwill amortisation.

Grant Thornton

Grant Thornton has more than 200 people in Taipei, Taichung and Kaosiung. One senior specialist left the practice in January 2017. It is a member firm of Grant Thornton International. The team often participates in cross-border assignments with other Grant Thornton International member firms to serve clients with a global presence. The tax team provides a full range of practices in order to assisting clients of various sizes in an increasingly complex market. Its tax practice has more than 100 cases and expects to grow by 10% in 2019. 

In 2017, Margaret Lin and Jay Lo helped Rolls-Royce to prepare a tax refund application. The client was withheld a huge amount of withholding tax because of its investments in Taiwan’s stock market in relation to employee pension funds. Grant Thornton assisted the client apply for a refund of part of the withholding tax as there is a tax treaty between Taiwan and its home country.

KPMG

In the past year, Wilis Yeh at KPMG assisted one local manufacturer in defending its corporate income tax position on an intra-group transfer of work-in-progress goods. It provided a deep analysis on the goods transfer arrangements and explained the difference in the underlying rationale in assessing deemed sales for corporate income tax and VAT purposes. KPMG also helped the client gather evidence and organised and presented them to the in-charge tax office.