08 Nov '11, 7am

DTN Singapore News: Businessman jailed 8 months and 2 weeks for GST fraud: A businessman who burnt his business...

DTN Singapore News: Businessman jailed 8 months and 2 weeks for GST fraud: A businessman who burnt his business...

Tan Kim Teck, a businessman who burnt his business records to destroy evidence of fraud was jailed for eight months and two weeks on Tuesday for tax evasion and failing to keep business and accounting records. -- ST PHOTO: WONG KWAI CHOW By Elena Chong A businessman who burnt his business records to destroy evidence of fraud was jailed for eight months and two weeks on Tuesday for tax evasion and failing to keep business and accounting records. Tan Kim Teck, 44, owner of TKT Trading that deals in automotive components, was also ordered to pay a penalty of $413,880 - three times the amount of tax undercharged. He had admitted to 11 charges of creating false entries in his goods and services tax (GST) returns to evade tax, and three charges for destroying supporting documents. Another 18 charges were taken into consideration.

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

Tweets

Posted 5 weeks results on my botox incase you missed it! PHOTOS NOT PHOTOSHOPPED!!

Posted 5 weeks results on my botox incase you m...

chaigyaru.com 07 Nov '11, 10pm

I honestly didn’t understand why you’d ever do botox. I still see botox as plastic surgery (even though it’s obviously not...

Man jailed 14 months over clinic break-ins, theft

straitstimes.com 08 Nov '11, 4am

A 24-year-old man was jailed for 14 months on Tuesday for breaking into clinics and stealing cough mixtures and other item...

Indonesia Digest: Kaskus abandons VBulletin, @t...

sgentrepreneurs.com 08 Nov '11, 5am

Indonesia Digest: Kaskus abandons VBulletin, Tiket.com to launch in under 2 weeks, and more November 7, 2011 by Egi SEPTIA...

GST refund made easy

channelnewsasia.com 09 Nov '11, 9am

SINGAPORE: Singapore will launch an electronic GST refund system nationwide, offering tourists a seamless and hassle-free ...

Should Singpore abandon GST? Here are my views:

tankinlian.blogspot.com 16 Nov '11, 8am

Here are the current rates of GST adopted in various countries: Australia 10% Canada 5% Hong Kong (abandoned) India (to be...