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."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Director jailed for cheating banks, getting others to make false declarations about company ownershipSINGAPORE: A company director was sentenced to four weeks\u0027 jail on Wednesday (Sep 8) for conspiring to cheat banks by making false declarations about the beneficial owners of several firms. Russian national Koryagin Vadim, 53, was the director of MEA Business Solutions. It was set up in 2014 to help f
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Box shareholers re-elect company directors; Starboard fails to win any seats:Box Inc won a proxy contest against Starboard Value after the cloud services provider's shareholders backed all three board directors the hedge fund was challenging, Box said on Thursday.Shareholders re-elected Aaron Levie, Box's co-founder and chief executive officer, as well as directors Peter Leav and Dan
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Box shareholders re-elect company directors; Starboard fails to win any seats:Box Inc won a proxy contest against Starboard Value after the cloud services provider's shareholders backed all three board directors the hedge fund was challenging, Box said on Thursday.Shareholders re-elected Aaron Levie, Box's co-founder and chief executive officer, as well as directors Peter Leav and Dan
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »