SINGAPORE: A consultancy services provider has been sentenced to six months in jail and ordered to pay a penalty for evading taxes, the Inland Revenue Authority of Singapore said on Monday .
For two counts of making false entries with the wilful intent to evade tax in his income tax returns, Ng Wee Kheng was ordered to pay S$740,978 in penalties, which is three times the amount of tax evaded, said IRAS. Being a one-man operation, Ng made all the business decisions for the firm, a court document said. He prepared all of the company’s invoices and collected all the cheque payments from clients.His clients were charged between S$500 and S$4,000 and he banked in “almost all” of his firm’s receipts from customers into one OCBC account."GROSSLY UNDERSTATED AND FALSE" INCOME FIGURES
The bank statements from SGA itemising the cheque deposits and withdrawals made by Ng also showed that he knew his company's actual income.