Choon Ng
Claiming GST on Expenses for Qualifying Funds
Funds may incur GST when the fund procures services (e.g. fund management service) from GST-registered businesses. To simplify the rules...
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Choon Ng
Nov 17, 20161 min read
GST Relief - Importation of Medicinal Products and Therapeutic Products for Clinical Trials
Goods imported into Singapore are subject to 7% GST. However, GST relief is granted for medicinal products (including pharmaceutical...
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Choon Ng
Oct 4, 20161 min read
Exports via Land
Revised e-Tax guide on Exports clarifies where and when vehicle number may be reflected For exports via land to Malaysia, one of the...
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Choon Ng
Oct 4, 20161 min read
Assisted Compliance Assurance Programme (ACAP) - Renewal
If you are under the Assisted Compliance Assurance Programme (ACAP), you will be pleased to know that the status will be extended for 6...
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Choon Ng
Jun 26, 20151 min read
MES status granted on a 5 yearly basis
Major Exporter Scheme ("MES") To reduce the compliance costs for businesses, the IRAS has extended the MES status period from the current...
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Choon Ng
May 20, 20152 min read
Sole-proprietor convicted for unlawful GST collection
Mohaideen Bin Osman ("Mohaideen"), 39, sole-proprietor of Formz Design International ("FDI"), was ordered by the Court to pay a total...
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Choon Ng
Apr 28, 20151 min read
Sole-proprietor sentenced to 8 weeks’ jail for GST evasion
Avan Yong Yan Hwa ("Yong"), a sole-proprietor buying and selling mobile phones and accessories under the business name "HomeGround...
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Choon Ng
Feb 25, 20152 min read
Budget 2015 - Simplification of pre-registration GST claims from 1 July 2015
A newly GST registered business may avail itself to claiming GST incurred on purchases of goods and services before the date of its GST...
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Choon Ng
Nov 28, 20142 min read
GST Assisted Self-help Kit (ASK) Enhancement
IRAS has enhanced the ASK, principally, on Sections 1 & 2 of the ASK such that it is now easier to complete these 2 sections. Section 3...
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Choon Ng
Nov 16, 20142 min read
Construction company fined for omitting GST on sale of property
A construction company and its director were each ordered by the court to pay a penalty of $191,268 - two times the amount of GST evaded...
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Choon Ng
Jul 22, 20144 min read
IRAS prosecutes 2 fraudulent traders to the tune of $1.2m and $184k
CASE 1 The first GST fraud case involving 10 different entities has been concluded in Court. Eric Chia Puay Yeoh (“Chia”), the mastermind...
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Choon Ng
Apr 21, 20142 min read
Second case this year for failure to register - Manufacturer pays $170,000
A manufacturer of metal doors and windows, Creative Engineering Works Pte Ltd (“CEWPL”), has to pay about $170,000 in taxes and penalty...
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Choon Ng
Mar 29, 20142 min read
Event promoter to pay $786K for late registration of GST
Sports and concerts event promoter, Midas Promotions Pte Ltd (“Midas”), has been ordered to pay to IRAS $786,000 in taxes and penalty and...
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Choon Ng
Feb 6, 20141 min read
New concession for input tax claims related to F&B expenses
With effect from 1 Feb 2014, the IRAS has allowed input tax to be claimed using simplified tax invoices (instead of normal tax invoices)...
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Choon Ng
Oct 29, 20131 min read
How $19.7K of GST led to a $136K penalty
IRAS conducts regular audits to identify businesses that do not comply with GST laws. The following case was uncovered from one of these...
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Choon Ng
Oct 27, 20132 min read
Malaysia GST - Third time lucky, or will someone shout "cry wolf"?
In the fable "the boy who cried wolf", you learn that people lose their trust in you when what you say do not materialize over time. The...
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Choon Ng
Jul 14, 20131 min read
Beauty salon owner fined $21,800 for under-declarations to Singapore Customs
Melati Abu Bakar, the owner of a beauty salon, has been fined $21,800 for evading GST on $270,000 worth of beauty products. She may also...
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Choon Ng
Jun 17, 20132 min read
Tax cheats pay back $2.3m
Two partners caught for income tax and GST offences were ordered to pay back taxes and penalties of over $2.3 million. One of them was...
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Choon Ng
Jun 2, 20131 min read
Is recovery of expenses subject to GST?
In an attempt to update and clarify on this mind-boggling GST issue, the IRAS has released a 40 page e-Tax Guide aptly titled "Guide on...
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Choon Ng
May 20, 20131 min read
GST Pu!se Special Edition: "Survival Guide for the Major Exporter Scheme (MES)"
GST Pu!se Special Edition: "Survival Guide for the Major Exporter Scheme (MES)" will be released next month. Subscribe now to receive...
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