Company director fined S$50,000 for evading GST on imports of flashlights

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SINGAPORE: A company director has been fined S$50,000 for evading Goods and Services Tax (GST) on shipments of LED flashlights and other accessories, Singapore Customs said on Friday (Sep 10). Kong Ming Jie, 36, incorrectly declared the value of goods in the shipments. He also failed to retain do

SINGAPORE: A company director has been fined S$50,000 for evading Goods and Services Tax on shipments of LED flashlights and other accessories, Singapore Customs said on Friday .

The value of the goods for one of the shipments was declared as less than S$400. But the actual value was more than S$23,300, with GST payable at S$1,633.55, said Singapore Customs in a media release. "He also made an incorrect declaration of the value for a shipment of monoculars and optical telescopes."

 

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