Company director fined for evading GST on imports of bicycle frames and components

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SINGAPORE: A company director was fined S$64,000 for evading Goods and Services Tax (GST) on 46 shipments of bicycle frames and components, Singapore Customs said on Friday (Sep 17). Marco Dittrich, 53, the sole director of Singapore Tri-Global, was sentenced on Wednesday after pleading guilty to one

SINGAPORE: A company director was fined S$64,000 for evading Goods and Services Tax on 46 shipments of bicycle frames and components, Singapore Customs said on Friday .

However, from supporting documents provided by the freight forwarder of the consignment, it showed that the actual value of the bicycle wheels was more than S$23,000. This resulted in a short payment of S$$1,521.93 in GST. Understating the import values resulted in a total of S$$8,933.15 in GST unpaid for these 31 shipments.

 

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