Harng Yi is a manager with the Financial Services Tax Practice in PwC Singapore. He has a wide range of tax skills spanning across corporate income tax, individual income tax, as well as advising clients on Foreign Account Tax Compliance Act (“FATCA”) and Common Reporting Standards (“CRS”) in Singapore.

Areas of specialization
He specialises in providing tax advisory services with respect to asset management, insurance, banking and capital markets transactions for financial services clients, including matters relating to FATCA and CRS, assisting them with the full suite of services.

Recent key projects
• CRS gap analysis with a regional bank: Assisted with conducting a gap analysis for compliance with the CRS, provision of recommendations for compliance, design of self-certification forms, conducting training for front and middle office staff.
• FATCA and CRS advisory: Manage the review of the due diligence process of newly set up Financial Institutions, providing recommendations for compliance as well as reporting of accounts.
• FATCA and CRS advisory: Review of 35 loan documents across 20 countries for FATCA and CRS implications for client in the debt securitisation field.
• Tax advisory services for global fund: Provided tax advisory and compliance services, including tax incentive negotiations with the MAS for a Fund with S$16 billion of Asset Under Management (“AUM”)

Professional qualifications and memberships
Harng Yi graduated from Nanyang Technological University with a Bachelor of Business with a specialisation in Actuarial Science. He has qualified for paper exemptions in the Institute and Faculty of Actuaries (IFoA).