• LL.B. (Hons), National University of Singapore
  • Admitted to the Singapore Bar in 2006

Shi Yong advises on a wide spectrum of tax law including corporate and personal income tax, goods and services tax, property tax, stamp duties, and customs and excise duties, with specialisation in Singapore enterprise tax risk management, tax audit, and tax investigation matters. He possesses a wealth of experience in advisory on all tax types, including customs and excise duties.

He is regularly engaged on contentious and complex tax audit and investigation matters, and is deeply appreciated by his clients for his well-rounded knowledge of Singapore tax law and strong management skills. He successfully resolved a high number of these matters without prosecution.

He also provides tax advisory on all tax aspects of corporate transactions. He has advised local corporate groups and MNCs on mergers and acquisitions, amalgamations and restructuring.

Shi Yong’s other key strength lies in oil and gas matters. He regularly advises national oil and gas companies on downstream oil and gas matters, such as joint venture arrangements, supply and trading transactions, crude and product swap transactions, and strategic reserve procurement arrangements.

He has also advised on refinery infrastructure and assets, storage, various aspects of production sharing agreements and off-take and supply agreements, the corporate governance of oil and gas companies, and day-to-day commercial and operational matters.

Highlights of Shi Yong’s career include:

  1. Represented a prominent property developer before the Court of Appeal in a property tax case involving a novel issue.

  2. Advised a leading commercial group in Singapore on its corporate income tax assessment of more than S$100 million and persuaded Singapore’s Inland Revenue Authority to discharge the tax assessment.

  3. Advised and defended a Certified Public Accountant against section 95(2) charges under the Income Tax Act.

  4. Advised several ship-broking companies and contract manufacturing companies in tax investigation matters, successfully resolving these matters without prosecution.

  5. Advised a national oil company on a joint venture to construct and operate oil storage facilities in Jebel Ali, Dubai.

  6. Represented a leading serviced apartment group in an appeal against its tax assessment under section 10E of the Income Tax Act.

  7. Advised and defended a prominent local concert promotion group against section 95(2) charges under the Income Tax Act.

  8. Advised a national oil company on a joint venture for the supply and swap of Cheleken Crude.

  9.  Advised a national oil company on the supply and maintenance of its strategic petroleum reserve in an African state.

  10. Advised national oil companies and Governments on various aspects of production sharing agreements and off-take and supply agreements.

Asia Pacific Legal 500
Tax 2024 – Recommended lawyer for 9 consecutive years

Noted by Legal 500 as a “senior-level firepower in tax risk management, tax audit and investigations work.”

  • Co-author, Singapore chapter, Tax Controversy 2024, Lexology Getting the Deal Through
  • Author, Singapore chapter, Chambers Corporate Tax 2023 Global Practice Guide
  • Co-author, Singapore chapter, Legal 500 Tax Comparative Guide, in 2021 and 2022
  • Co-author, Singapore chapter, Chambers Global Practice Guides on Private Wealth 2019
  • Contributor, Vol 16(2), Revenue and Taxation: Income Tax, Halsbury’s Laws of Singapore (LexisNexis Singapore, 2017)
  • Contributor, Vol 16(Reissue), Revenue and Taxation: Customs and Excise, Goods and Services Tax, Property Tax, Stamp Duty, Halsbury’s Laws of Singapore (LexisNexis Singapore, 2012)
  • Contributor, Halsbury’s Laws of Singapore, Volume 12 (Revenue and Taxation), 2012 (reissue), LexisNexis Singapore
  • Member, Law Society of Singapore
  • Member, Singapore Academy of Law