Two Men Fined More than S$3.34 Million Each for Evading Tax on over 4.5 Million Litres of Diesel From Malaysia
Chua E Hong and Ng Leok Kwee admitted evading duty on more than 4.5 million litres of diesel and were fined over $3.3 million each.
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Two men fined more than S$3.34 million each for evading tax on over 4.5 million litres of diesel from Malaysia
SINGAPORE: Two Singaporean men were fined S$3.34 million (US$2.61 million) each for their roles in a scheme to import more than 4.5 million litres of automotive diesel from Malaysia into Singapore without the required declarations.The scheme resulted in the evasion of duty and Goods and Services Tax (GST), Si
$3.3m fine each: 2 Singaporeans admit to evading tax on more than 4.5m litres of imported diesel
Two men were each slapped with a fine of over $3.3 million on Tuesday (Oct 6) after cooking up a scheme to import cheaper diesel into Singapore without paying tax.Chua E Hong, 51, and Ng Leok Kwee, 48, each admitted to three charges of fraudulently evading duty of more than $905,000 on the importation of more than 4.5 million litres...
Singapore: Singapore's District Court on Tuesday imposed fines of S$3.35 million (S1=RM3.20) each on two men for importing more than 4.5 million litres of diesel from Malaysia without the required declaration, once evading customs duties and the Goods and Services Excise (GST). According to Kastam Singapore in reality on Tuesday, Singaporeans Chua E Hong, 51, and Ng Leok [...] The post Importing Diesel from Malaysia, two Singaporeans defaulting,…
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