Business owner first to be prosecuted under Iras scheme that monitors potential tax dodgers

  • 📰 straits_times
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 69%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Business owner first to be prosecuted under Iras scheme which monitors potential tax dodgers

SINGAPORE - The operator of two optometry businesses has become the first person to be prosecuted in Singapore under a programme that monitors recalcitrant taxpayers.

Ang had pleaded guilty to two counts of income tax evasion involving $151,725, and one count of failing to notify Iras of his liability to be registered for goods and services tax . Ang had received $6,000 via the scheme after providing fictitious details and claiming that he was providing training for staff of Nice Vision Optical.

Ang also falsely declared a lower amount of partnership profit from Eyes to Eyes in his income tax returns.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Business is good': Bedok food stall owner refutes TikTok video and reports that his business is strugglingThe kampung spirit was out in full force as a flock of customers rushed to MAT Western in Bedok to support them on Thursday (May 19) following reports and a TikTok video that business at this F&B outlet has been on a steady decline. Only one issue though: This food stall isn't struggling nor is it in danger of going...
Source: asiaonecom - 🏆 10. / 59 Read more »