GST and tax evader gets 1.5 months' jail

[Cao Pi]

GST and tax evader gets 1.5 months' jail
By Mustafa Shafawi | Posted: 27 August 2010 1356 hrs
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SINGAPORE: A sole-proprietor has been sentenced to one month and two weeks jail for evading GST and income tax.

The court also ordered Danny Lee who owns Sourcing & Procurement Asia Pacific (S&P) to pay a total penalty of some S$183,000.

He faced 13 charges for failing to account for GST of about S$111,500 collected from customers between April 2003 and September 2006.

He was also charged with under-reporting income of about S$900,000 from S&P and evaded S$150,000 in income tax from 2004 to 2007.

Lee pleaded guilty to two charges of evading GST by under-stating output tax in his GST returns.

He also pleaded guilty to two charges of evading income tax by under-reporting his income from S&P.

In default of paying the income tax penalty, he would be sentenced to five months of imprisonment.

The remaining charges were taken into consideration in sentencing.

-CNA/wk

 

[sally]

This crook pocket S$111,500 from the GST, money that are for the government.