Case and status
Former insurance agent Lam Allan omitted S$294,410 of trade income for YAs 2013–2014 through fictitious expenses, causing S$51,173 of tax undercharged. The YA 2014 charge involving S$50,348 proceeded; the YA 2013 charge was considered.
Facts, amounts and outcome
Lam received four months’ imprisonment and S$151,044 penalties. During audit he submitted 36 forged vouchers totalling S$84,000 for referral fees supposedly paid to three insurance clients, although no payments occurred. Actual income was S$70,172 and S$401,356 for the two years, compared with declared S$53,322 and S$123,796. The prosecution highlighted planning and cover-up, including misuse of client particulars, in seeking a deterrent sentence.
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 ↗