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SINGAPORE — The owner of a car trading firm was fined $6 million after evading payment of duty and goods and services tax (GST) for 1,828 vehicles he had imported. Singapore Customs in a statement on Jan 22 said Low Han Siang, 46, was also sentenced to nine months’ jail for underpaying the additional registration fee (ARF) when registering the...
Singapore News - The owner of a car trading firm was fined $6 million after evading payment of duty and goods and services tax (GST) for 1,828 vehicles he had imported. Singapore Customs in a statement on Jan 22 said Low Han Siang, 46, was also sentenced to nine months’ jail for... Read more at www.tnp.sg
Under-declaration of the vehicles’ value resulted in loss of duty and GST amounting to $3,263,280. Read more at straitstimes.com.
Under-declaration of the vehicles’ value resulted in loss of duty and GST amounting to $3,263,280. Read more at straitstimes.com.