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Jailed for tax evasion
Elena Chong
Fri, Dec 12, 2008
The Straits Times

A BUSINESSMAN who evaded tax of about $46,000 over six years by underdeclaring his share of profit in his food court operations was jailed for six months' and ordered to pay a penalty of $137,185 on Friday.

Ang Tin Yong, 48, admitted to six counts of making false entries in the income tax returns from 2000 to 2005 on his share of profits from All Family Food Court (AFFC). He is a partner of AFFC and Palm Valley Food Court, and Palm View Food Court.

Inland Revenue Authority prosecutor Sinnadurai Maniam told the court that a raid was carried out at AFFC's premises in Pasir Ris and Ang's home.

 

 


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