Tag: pwc

The US and China have agreed to allow the US accounting watchdog to access audit papers of US-listed Chinese firms alleged of fraud. A handful of the major accounting firms were holding off supplying the information for fear of breaking Chinese law.

Under certain Sino-foreign tax treaties, the withholding tax rate for dividends can be reduced from 10% to 5%, providing foreign companies can prove their beneficial ownership status to the Chinese taxman. Jeremy Ngai, a tax partner at PwC (pictured), explains how.

Eddy Kurniawan has been named the new CFO of Bumitama Agri. The incumbent, Johannes Tanuwijaya, has taken on the role as its chief strategy officer, a newly-created position.

Chinese banks’ soaring profits may soon be a thing of the past since the nation started liberalising its interest rates last June, which continues to erode their earnings.

CT talks to Angelica Kwan (pictured), US tax partner at PwC's Hong Kong office, on why CFOs at financial institutions should get ready for Uncle Sam’s latest attempt to levy a new 30% withholding tax on US-related deals.

Strong Petrochemical brings in a new finance chief as the company faces a downturn in fortunes.