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$6m fine for car importer who didn t pay GST and duties for 1,800 vehicles

SINGAPORE The owner of a car trading firm was fined $6 million after evading payment of duty and goods and services tax (GST) for 1,828 vehicles he had imported. Singapore Customs in a statement on Jan 22 said Low Han Siang, 46, was also sentenced to nine months’ jail for underpaying the additional registration fee (ARF) when registering the.

$6m fine, jail for car trader who evaded duty, GST on nearly 2,000 vehicles

Singapore News - The owner of a car trading firm was fined $6 million after evading payment of duty and goods and services tax (GST) for 1,828 vehicles he had imported. Singapore Customs in a statement on Jan 22 said Low Han Siang, 46, was also sentenced to nine months’ jail for. Read more at www.tnp.sg

$6 million fine, jail for car trader who evaded duty and GST on nearly 2,000 vehicles

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

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