BDO India has won the trophy for Tax Innovator of the Year at the ITR Asia-Pacific Tax Awards 2021 which were presented in an online ceremony on 26 August 2021.
ITR Awards Research Team said of BDO’s win:
BDO India’s tax innovations in 2020 came about from their application of ever developing new technological solutions for servicing their clients. This included the development, provision, and implementation of e-invoicing technology solutions, prior to the statutory deadline. This required innovative ways of being involved in extensive UATs, filling in gaps on ERPs and billing systems, and develop innovative solutions to incorporate data that was received from a variety of OEMs and data management systems.
The firm also made innovative strides in the provision of tax technologies in order to facilitate the preparation of filing Indian Income-tax returns for client with both high volumes of outbound and residing employees. This involved a digital collaboration platform for engagement between the firm and their clients, which provided a consistent, accessible and secure centre for BDO’s advice.
BDO’s investment into innovating through technology has allowed the firm to stay ahead on major changes in the tax code. The firm has been able to stay ahead of needs with changes to dividend taxation with their new system, including having prescribed forms for non-resident shareholders.
A key step in innovation for the future of tax advice is in engagement with specialised technology that is user friendly and easily integrated through a firm’s various offerings, which BDO India has taken a solid lead on.
ITR Awards research lead John Harrison said: “We are delighted to be able to present the winners of the 11th annual ITR APAC Tax Awards. It is unfortunate that we must hot the awards virtually, however it is important to note that we have remained committed to recognising the achievements and top work in tax from across the region.
We have seen a great deal of strong and impactful work by tax practitioners this year – which is all the more impressive with having to adapt to new ways of working and helping clients throughout the pandemic. We believe it is of the utmost importance to highlight these achievements. We are hopeful that we will be able to celebrate with the nominees and winners in person next year.”
Firm awards: Tax Innovator of the Year
About the ITR Asia-Pacific Tax Awards
Now in its 17th year, the ITR Asia-Pacific Tax Awards 2021 will celebrate the leading tax and transfer pricing firms and practitioners from across the Asia-Pacific region. Following months of research, interviews and peer review, winners will be judged for their innovation, complexity and impact. During the virtual ceremony ITR will also announce the winning impact deals, cases and in-house tax professionals of the year. Winners are to be announced in a virtual ceremony on 26 August.
Source: ITR Asia-Pacific Tax Awards 2021: The winners | International Tax Review