Case and status
Unique International Agencies partners Koh Che Song and Yeo Soh Khim were convicted over S$2.4 million of net income omitted for YAs 2012–2016. Income tax undercharged was S$439,768 for Koh and S$28,157 for Yeo. Eleven GST quarters during 2011–2016 understated net tax by S$82,620.
Facts, amounts and outcome
Koh pleaded guilty to 16 proceeded charges and received S$26,000 fines and S$1,044,775 penalties. Yeo admitted six proceeded charges, but sentencing was adjourned to 7 September 2020. The August release therefore does not supply Yeo’s final sentence. The business manufactured glass-reinforced concrete; omitted business profits affected each partner’s tax separately.
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 ↗