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SGD6M fine for Singaporean man who evaded taxes on over 1,800 imported vehicles

CNA – A Singaporean man was fined SGD6 million for evading duty and Goods and Services Tax (GST) on imported 1,828 motor cars imported into Singapore. Low Han Siang, the sole proprietor of car importer M’ Exclusive, paid SGD500. If he does not pay the rest, he will have to serve an additional jail term […]

Man who evaded taxes on over 1,800 imported vehicles gets jail in default of S$6 million fine

Low Han Siang, the sole proprietor of car importer M’ Exclusive, will serve 60 months' jail in default if he does not pay the fine.

Car trader who evaded duty and GST on nearly 2,000 vehicles gets $6 million fine, 9 months jail

Under-declaration of the vehicles’ value resulted in loss of duty and GST amounting to $3,263,280. Read more at straitstimes.com.

Automotive trends in Singapore in 2024

Man who evaded GST and duties on nearly 1,000 imported vehicles gets jail in default of S$3 6 million fine

SINGAPORE: Guilty of evading more than S$1 million (US$754,000) in taxes that he was supposed to pay for importing nearly 1,000 motor vehicles, a man was slapped with a S$3.6 million fine at the State Courts on Tuesday (Jan 2). As he failed to pay the fine, Tan Lye Khim, 47, the sole proprietor o

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