Singapore Fines Importer $64,000 for Evading Goods and Services Tax
Marco Dittrich, a Singapore-based importer, was fined $64,000 (in Singapore dollars) by the city-state's State Courts for evading Goods and Services Taxes on 46 shipments of bicycle frames and components, Singapore Customs said Sept. 17. The total amount of evaded…
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GST was $13,483.89. Dittrich, the director of Singapore Tri-Global Pte. Ltd., pleaded guilty to one count under Singapore's Customs Act for undervaluing his import shipments. Under the Customs Act, fines can be levied “up to 20 times the amount of duty and GST evaded,” Singapore Customs said.