Competitiveness
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[Why CTAC]
CTAC operates by integrating independent subsidiaries and experts established in major countries with the concept of “One Firm”, and our goal is to provide reliable professional advice to manage tax and accounting of multinational companies that takes into account the integrated individual situations of multinational corporations across various countries by fostering organic collaboration among professional teams, including tax professionals, certified public accountants, and attorneys in each country. While major accounting advisory firms typically operate in the form of Member Firms, CTAC progresses with advisory firms located in individual countries all operating as one team, enabling the provision of integrated advisory services considering the accounting and tax laws of each specific region uniformly.
CTAC aims to offer high-quality global tax/accounting advisory services that are traditionally focused on large enterprises, also to medium-sized and small businesses, at reasonable advisory prices.
[ Multi-field experts and professional qualification ]
Expert team
– Operates the team include certified public accountants, lawyers, tax specialists, etc..
– Comprises local accountants, tax professionals, lawyers, former government officials, etc., with over 20 years of experience., with the aim of delivering high-level insights and expertise in addressing accounting and tax-related issues
<Achievement in the fileld of Transfer pricing related to competent authorities>
– Transfer pricing tax audit response (2009)
– Transfer pricing tax audit response and APA conversion (2010)
– Achieved APA within the shortest time (7 months) (2011)
– Simultaneous response to transfer pricing tax audit of related parties located in other regions (2012)
– Response to tax audit on transfer pricing of related parties located in the same region and conversion to APA (2012)
– Being the first company achieving China – Korea MAP (2012)
– Simultaneous settlement of Tax Audit/APA (2013)
– Achieved APA for companies with merger background (2016)
– At the same time, successfully negotiated to renew the APA and the first APA of related parties with similar business structures (2018)
– A collective promotion of APA of 5 subsidiaries of Group (2020)
– Achieved MAP and APA simultaneous conclusion (2021)
– Achieved APA renewal (2021)
– Simultaneous settlement of Tax Audit/APA (2022)
– Successful value-added tax refund (refund amount 53 million RMB) (2022)
– Initiation of the third stage of APA application (2023)
<Achievement in the field of Transaction Advisory and Corporate Accounting>
– Advisory on restructuring of share transfer for Chinese subsidiary of Korean Group(2014, 2015)
– Brokerage and negotiation of share transfers for Chinese subsidiaries of Korean Group (2014, 2016, 2017, 2019)
– Advised on indirect listing of Chinese subsidiary of Korean Group (2016)
– Bankruptcy application and liquidation agency for Chinese subsidiary of Korean Group(2015, 2016, 2018)
– Liquidation agency for Chinese subsidiary of Korean Group: labor dispute, support for financial institutions (2016, 2019)
– Liquidation advisory and agency work for a Korean conglomerate’s research institute in China (2021)
– Financial due diligence for Chinese subsidiary of Korean IPO target company (2022)
– Total service for due diligence, intermediation, and legal matters for the sale of shares in Chinese subsidiary of major Korean company (2023)
– Corporate valuation for the acquisition of Chinese company (2022),
– Corporate valuation for group ownership structure changes in Chinese subsidiary (2022, 2023)
– K-IFRS audit for a Chinese subsidiary of a Korean IPO target company (2023)
– Establishment of internal accounting management system for Chinese subsidiary of major Korean company (2024)