Case and status
Gan Giap Huat, director of WGR Global Property Consultants and Kairos International Property Consultant, was convicted of deliberate false income-tax entries for YAs 2011–2012. His income included property-sale commissions and rent from three East Coast Road properties.
Facts, amounts and outcome
Omitted income totalled S$737,112, causing S$147,422 of tax evaded. Two proceeded charges attracted four weeks’ imprisonment and S$442,266 penalties. The seven-month period mentioned in the release applies if the penalty is unpaid. Commissions and property rent need to be included in personal reporting even where the individual also operates through real-estate agencies.
Disclosure, reporting and rewards
IRAS encourages taxpayers to correct past errors and report suspected tax malpractices. The release says disclosure may be considered when deciding enforcement action; it is not a blanket promise of immunity. Where the release describes informant rewards, qualifying information leading to otherwise lost tax recovery may attract 15% of recovered tax, capped at S$100,000, at IRAS’ discretion. Informant identities are kept confidential. Use the official release links for its reporting and disclosure channels.
Official source
This report is independently written from the IRAS release dated above. Case status, policy announcements and historical figures refer to that release.
Read the complete IRAS release ↗