Choon NgOct 4, 20161 minExports via LandRevised e-Tax guide on Exports clarifies where and when vehicle number may be reflected For exports via land to Malaysia, one of the supp...
Choon NgOct 4, 20161 minAssisted Compliance Assurance Programme (ACAP) - RenewalIf you are under the Assisted Compliance Assurance Programme (ACAP), you will be pleased to know that the status will be extended for 6 y...
Choon NgJun 26, 20151 minMES status granted on a 5 yearly basisMajor Exporter Scheme ("MES") To reduce the compliance costs for businesses, the IRAS has extended the MES status period from the current...
Choon NgMay 20, 20152 minSole-proprietor convicted for unlawful GST collectionMohaideen Bin Osman ("Mohaideen"), 39, sole-proprietor of Formz Design International ("FDI"), was ordered by the Court to pay a total pen...
Choon NgApr 28, 20151 minSole-proprietor sentenced to 8 weeks’ jail for GST evasionAvan Yong Yan Hwa ("Yong"), a sole-proprietor buying and selling mobile phones and accessories under the business name "HomeGround Tradin...
Choon NgFeb 25, 20152 minBudget 2015 - Simplification of pre-registration GST claims from 1 July 2015A newly GST registered business may avail itself to claiming GST incurred on purchases of goods and services before the date of its GST r...
Choon NgNov 28, 20142 minGST Assisted Self-help Kit (ASK) EnhancementIRAS 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 o...
Choon NgNov 16, 20142 minConstruction company fined for omitting GST on sale of propertyA 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 ...
Choon NgJul 22, 20144 minIRAS prosecutes 2 fraudulent traders to the tune of $1.2m and $184kCASE 1 The first GST fraud case involving 10 different entities has been concluded in Court. Eric Chia Puay Yeoh (“Chia”), the mastermind...
Choon NgApr 21, 20142 minSecond case this year for failure to register - Manufacturer pays $170,000A manufacturer of metal doors and windows, Creative Engineering Works Pte Ltd (“CEWPL”), has to pay about $170,000 in taxes and penalty f...
Choon NgMar 29, 20142 minEvent promoter to pay $786K for late registration of GSTSports and concerts event promoter, Midas Promotions Pte Ltd (“Midas”), has been ordered to pay to IRAS $786,000 in taxes and penalty and...
Choon NgFeb 6, 20141 minNew concession for input tax claims related to F&B expensesWith effect from 1 Feb 2014, the IRAS has allowed input tax to be claimed using simplified tax invoices (instead of normal tax invoices) ...
Choon NgOct 29, 20131 minHow $19.7K of GST led to a $136K penaltyIRAS conducts regular audits to identify businesses that do not comply with GST laws. The following case was uncovered from one of these ...
Choon NgOct 27, 20132 minMalaysia 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 ...
Choon NgJul 14, 20131 minBeauty salon owner fined $21,800 for under-declarations to Singapore CustomsMelati 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 ...
Choon NgJun 17, 20132 minTax cheats pay back $2.3mTwo 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 ja...
Choon NgJun 2, 20131 minIs 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 R...
Choon NgMay 20, 20131 minGST 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 th...
Choon NgApr 15, 20131 minSurvival Guide for MES using IRAS ASKOur latest GST Pu!se - Survival Guide for the Major Exporter Scheme (MES) is published on SIATP's website. We provide quick tips on how t...
Choon NgMar 10, 20132 minFirst Freight Forwarder fined by IRAS for misusing Major Exporter SchemeA freight forwarding company, Kian Min Express Transport Pte Ltd, is the first company to be penalised by IRAS for misusing its Major Exp...
