Donny Zhao

Donny Zhao

Partner, PwC China


  • Donny Zhao is a Partner at PwC China’s transfer pricing team. He has more than 14 years of experience in providing transfer pricing services, and he has been working in different PwC offices including Shanghai, Copenhagen and Hangzhou. 
  • Donny served various MNC clients with tax and transfer pricing projects including transfer pricing planning and implementation, transfer pricing audit defence, risk review and health check, bilateral and unilateral advanced pricing arrangement, and compliance documentation report preparation. 
  • Donny has served clients in numerous industries including automobile, chemical products, consumer goods, industrial products and equipment, information technology, etc. 

Relevant experiences

  • Assist companies in transfer pricing audit cases, setup defence strategies and help to negotiate with tax authorities. Donny assisted in various TP audit cases in Beijing, Liaoning, Shanghai, Jiangsu, Zhejiang, Guangdong etc.
  • Help clients with TP risk review, identify TP risks and issues, and to optimise the TP flow and structure through value chain transformation and function / risk profile re-organisation
  • Provide TP advices for pre-IPO companies to mitigate potential TP risks and to meet the TP compliance requirements worldwide
  • Daily consulting covering TP model implementation, post-deal restructuring and internal pricing adjustment process for year end profit compensation. Donny participated in various successful year-end TP compensation cases in Shanghai, Beijing, Zhejiang, Guangdong etc.


  • Donny graduated from the Law School of Fudan University with a Bachelor degree in law. He also holds a certificate of legal professional qualification in China.

Contact details

Tel: +[86] (571) 2807 6390


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