 | Ivy Peng Partner, Tax and Business Advisory Services, PwC Hong Kong Ivy is a Partner at PwC's Tax and Business Consulting practice, specializing in tax advisory services in China, with a focus on tax dispute resolution.
Before joining PwC, she spent over a decade with China's national tax authorities, where she helped draft VAT laws and supporting regulations. She contributed to major initiatives such as Circular 36 for the Business Tax to VAT (B2V) reform, VAT rate consolidation, and reduction policies. Her expertise spans the development of tax management and risk prevention frameworks across a wide range of industries, including manufacturing, high-tech, agriculture, software, transportation, finance, and services. Ivy possesses deep knowledge of the operational mechanisms within tax department systems and has worked across various levels and regions of tax authorities, with a comprehensive understanding of administrative practices nationwide. With extensive experience in tax administration, international taxation, export tax refunds and corporate income tax, she maintains strong relationships with tax bureaus nationwide.
Ivy holds a Master's degree in Management and is a qualified lawyer. She also holds CFA and PMP certifications. |
 | Catherine Tsang Partner, China Tax and Business Advisory, PwC China
Office in-charge in Qianhai
Inclusion & Diversity Leader Catherine is a Partner of PwC China's Tax and Business Advisory division in Shenzhen Qianhai. She serves as Office Leader for PwC China in Qianhai and is the firmwide Inclusion & Diversity (I&D) Leader. With over 30 years of professional experience, she advises multinational and domestic corporations on a full spectrum of tax and business matters related to inbound and outbound investments. Her expertise spans China market entry strategies, investment structuring, business model design, cross-border transactions, IPO readiness, deal diligence, tax planning, profit repatriation, foreign exchange compliance, and applications for tax concessions and exemptions. Catherine has worked extensively with clients to develop operational structures and business models across both Hong Kong and the Mainland, helping them seize emerging opportunities. Catherine holds a Bachelor's degree in Accounting and an LLB in Chinese Law. She is a Fellow of the Association of Chartered Certified Accountants, a Member of the Hong Kong Institute of Certified Public Accountants, and a Certified Tax Advisor in both Hong Kong and Shenzhen Qianhai. |