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22-06-2022, 10:42 AM
https://sg.finance.yahoo.com/news/direct...05975.html
SINGAPORE — A director of a silk printing company, who under-declared more than $866,000 in income, used some of the money to service his loans for a HDB unit and make downpayments for a car and a condominium.
Loh Chia Wei, 47, was jailed for nine months on Monday (20 June) and ordered to pay penalties of $253,195 after he pleaded guilty to tax evasion, money laundering and cheating. His firm Print Orient was fined $20,000 and ordered to pay a penalty of $174,678.93 to the Inland Revenue of Singapore (IRAS).
For over six years, Loh avoided paying $172,509.84 in corporate income tax and Goods and Services Tax (GST).
SINGAPORE — A director of a silk printing company, who under-declared more than $866,000 in income, used some of the money to service his loans for a HDB unit and make downpayments for a car and a condominium.
Loh Chia Wei, 47, was jailed for nine months on Monday (20 June) and ordered to pay penalties of $253,195 after he pleaded guilty to tax evasion, money laundering and cheating. His firm Print Orient was fined $20,000 and ordered to pay a penalty of $174,678.93 to the Inland Revenue of Singapore (IRAS).
For over six years, Loh avoided paying $172,509.84 in corporate income tax and Goods and Services Tax (GST).
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