SINGAPORE: Two company directors have been sentenced to jail for omitting more than S$600,000 in bonuses from their income tax returns, the Inland Revenue Authority of Singapore said in a news release on Friday .
The penalties are three times the amount of tax evaded based on the charges each man had pleaded guilty to.IRAS said that Koh and Yeo decided how much bonus was to be paid to themselves, after which the financial manager of the companies would prepare the corresponding payment vouchers and cash cheques for them.
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