Case and status
Teo Beng San, proprietor of three metal, beauty and maid-agency businesses, received S$415,947 in fines and penalties. Charges concerned income-tax returns missing for more than two years for YAs 2011–2013 and ten GST returns understating output tax during 2010–2013.
Facts, amounts and outcome
Two non-filing counts proceeded, attracting S$1,200 fines and S$67,085 penalties. Three GST counts proceeded, attracting S$7,000 fines and S$340,662 penalties. Eight other counts were considered. The case distinguishes failure to submit returns from submitting incorrect amounts; repeated reminders do not excuse prolonged non-filing. Both categories produced separate financial consequences.
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 ↗