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

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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.

 

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