Former Director of Engineering Company Sentenced to 2 Weeks’ Jail Term and a Penalty of $354,045.33 for Assisting in Income Tax Evasion – IRAS

  • September 11, 2017
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https://www.iras.gov.sg/irashome/News-and-Events/Newsroom/Tax-Crime/2017/Former-Director-of-Engineering-Company-Sentenced-to-2-Weeks–Jail-Term-and-a-Penalty-of-$354-045-33-for-Assisting-in-Income-Tax-Evasion/

Definitely not worth it. Do note the IRAS may request for audit of past year accounts, so business owners please keep proper accounting records for at least 5 years from the end of financial year as per stated in Section 199 of Singapore Companies Act.

Former Director of Engineering Company Sentenced to 2 Weeks’ Jail Term and a Penalty of $354,045.33 for Assisting in Income Tax Evasion – IRAS

Kuah Pong Guan (“Kuah”), former director of Wesco Engineering Pte Ltd (“WEPL”), a company involved in fabrication of metal works, has been convicted of assisting WEPL to evade tax for two years in the Years of Assessment (“YA”) 2009 and 2010. The court sentenced Kuah to two weeks’ imprisonment and a…


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