Shipping Co. Director Fined Over $100,000 in Singapore for Evading Goods and Services Taxes
Singapore national Tang Yong Hoe, sole director of freight forwarding company I-Do Logistics, was fined $105,000 (in Singapore dollars) by the State Courts for evading Goods and Services Taxes and submitting false customs information, Singapore Customs said Oct. 4. In…
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2018, Singapore Customs inspected a container imported by I-Do and found discrepancies in the packing lists and I-Do's submitted values for goods belonging to two consignees. One consignee, Zhang Feng, received the packing list from I-Do and knowingly submitted the false information, the customs agency said. Zhang was fined $2,000. In total, Tang was found to have evaded over $16,000 in GST, leading to his fine exceeding $100,000. “Any person who is in any way concerned in any fraudulent evasion of, or attempt to fraudulently evade, any customs duty or excise duty shall be guilty of an offence and will be liable on conviction to a fine of up to 20 times the amount of duty and GST evaded,” Singapore Customs said.