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CNA – A Singaporean man was fined SGD6 million for evading duty and Goods and Services Tax (GST) on imported 1,828 motor cars imported into Singapore. Low Han Siang, the sole proprietor of car importer M’ Exclusive, paid SGD500. If he does not pay the rest, he will have to serve an additional jail term […]
Low Han Siang, the sole proprietor of car importer M’ Exclusive, will serve 60 months' jail in default if he does not pay the fine.
Under-declaration of the vehicles’ value resulted in loss of duty and GST amounting to $3,263,280. Read more at straitstimes.com.
Luxury car brand executives weigh in on what to expect in the automotive industry.
SINGAPORE: Guilty of evading more than S$1 million (US$754,000) in taxes that he was supposed to pay for importing nearly 1,000 motor vehicles, a man was slapped with a S$3.6 million fine at the State Courts on Tuesday (Jan 2). As he failed to pay the fine, Tan Lye Khim, 47, the sole proprietor o