Undeclared employment bonuses
Senior manager Chong Teck Choy failed to declare S$900,000 of bonuses from an exhibition-printing business across YA 2014–2017. Four charges concerned S$133,022 of tax undercharged.
Sentencing scope
He pleaded guilty to two proceeded charges. The court imposed a S$6,000 fine and S$201,806 penalty, totalling S$207,806. The remaining two charges were considered at sentencing; the release concerns incorrect returns without reasonable excuse.
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 ↗