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Business owner gets 54 weeks' jail, must pay $1.7m for evading taxes, failing to keep proper records

A sole proprietor who was convicted of evading goods and services (GST) tax, income tax and failing to keep proper business records has been jailed for 54 weeks and ordered to pay fines and penalties totalling $1,784,451. Investigations showed that Khoo Chin Huat, 66, had poor record-keeping habits and intentionally misreported the GST returns of his company, Sin Metal Industries,. ....

Khoo Chin Huat , Sin Metal Industries , Inland Revenue Authority , Income Tax Act ,

Sole proprietor gets 54 weeks' jail, must pay $1.7m for evading taxes, failing to keep proper records

Singapore News - A sole proprietor who was convicted of evading goods and services (GST) tax, income tax and failing to keep proper business records has been jailed for 54 weeks and ordered to pay fines and penalties totalling $1,784,451. Investigations showed that Khoo Chin Huat, 66,. Read more at www.tnp.sg ....

Khoo Chin Huat , Sin Metal Industries , Revenue Authority Of Singapore Iras On , Inland Revenue Authority , Income Tax Act ,