Case and status
Dr Lye Wai Choong of Centre for Kidney Diseases received S$21,000 fines and S$1,794,627 penalties for assisting incorrect corporate returns and being director when incorrect GST information was given.
Facts, amounts and outcome
Two proceeded income-tax charges for YAs 2012–2014 attracted S$1,389,708 penalties and S$7,000 fines. Four GST charges concerning output and input tax for 12 quarters during 2011–2013 attracted S$404,919 penalties and S$14,000 fines. The offences were reported as incorrect information without reasonable excuse. IRAS notes that directors and persons who assist the offence can also face liability, separate from the business itself.
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 ↗