Deloitte Philippines named Transfer Pricing Firm of the Year for fifth time

Bonifacio Global City, Taguig, 2 October 2023 – At the International Tax Review (ITR) Asia-Pacific Tax Awards 2023 awarding ceremony held on 27 September 2023 in London, Deloitte Philippines was named Transfer Pricing Firm of the Year for the fifth - and fourth consecutive - time, under the leadership of Tax Partner Carlo Navarro, who also leads Deloitte's Southeast Asia Transfer Pricing Center. All of Deloitte's five other TP practices in SEA also earned the title "Transfer Pricing Firm of the Year" for their respective jurisdictions, specifically Indonesia, Malaysia, Singapore, Thailand, and Vietnam. This is the third win for Indonesia and the second for Singapore.

The recognition further strengthens Deloitte's reputation as a top-tier adviser in the Transfer Pricing space, at a time when multinational companies (MNCs) are grappling with the impact of BEPS Pillar Two rules, which are set to go into effect on 1 January 2024. Pillar Two Model Rules, which are also known as Global Anti-Base Erosion or GloBE rules, are designed to ensure that MNCs pay a minimum level of tax arising from each jurisdiction where they operate.

Deloitte was also named Transfer Pricing Firm of the Year for the Asia Pacific region.

Outstanding individual transfer pricing practitioners were also recognized during the awarding ceremony. The following Deloitte partners earned the Highly Regarded Practitioner rating in the area of Transfer Pricing within their respective jurisdictions:

Indonesia
Balim Balim
Roy David Kiantiong

Malaysia
Subhabrata Dasgupta

Singapore
Jun Igarashi
Jee Chang See

Singapore and the Philippines
Carlo Navarro

Thailand
Stuart Simons

The ITR APAC Tax Awards is an annual recognition of the most impressive tax, transfer pricing, tax disputes, and indirect tax teams and practitioners throughout the Asia Pacific region. It is handed out by the International Tax Review, a global news and analysis service that provides leading business intelligence on corporate tax.

To view the complete list of winners for 2023, click here: https://www.internationaltaxreview.com/article/2c3llqulmtcmqwdhycirk/itr-apac-tax-awards-2023-winners-announced#:~:text=The%20winners%20of%20the%20ITR,widespread%20success%20throughout%20Asia%2DPacific.