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Manager of freight forwarding company fined over $60,000 for evading GST

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SINGAPORE - The manager of a freight forwarding company was fined more than $60,000 for fraudulent evasion of the goods and services tax , Singapore Customs said in a media release on Saturday .

Foong Zhong Wen, 42, was sentenced by the State Courts on May 12 for evading GST that would be payable on the importation of miscellaneous goods between April and August 2019.Another 29 similar charges were taken into consideration during sentencing.

The permit is required to account for the import and tax payment of goods. To obtain this permit, a declaration needs to be made to Singapore Customs electronically and the GST payable is then paid to the state. The declaring agent would then pay Singapore Customs the GST based on the suppressed values stated in the consolidated manifest it received from Swiftfox, and then bill Swiftfox accordingly.

 

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Manager of freight forwarding company fined more than S$60,000 for evading GSTSINGAPORE: A Singaporean man was fined S$63,834.90 by the State Courts on Thursday (May 12) for fraudulent evasion of the Goods and Services Tax (GST) payable on the importation of miscellaneous goods between April and August 2019. Foong Zhong Wen, 42, the manager of freight forwa Foong arg... U can don't pay... GST. But don't play play.
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