Branded bag sellers fined for evading tax

Branded bag sellers fined for evading tax

Three online retailers of branded handbags and accessories have been fined for evading the Goods and Services Tax (GST).

Long Siew Fong, 42, Jessie Sng Lee Ling, 41, and Yak Sow Pin, 39, were fined $31,000, $10,000, and $4,500 respectively on Sept 25, Singapore Customs said yesterday.

Between October 2010 and June 2011, Long had imported 2,172 handbags and accessories.

UNDER-DECLARATION

The under-declaration of the value of these goods resulted in a shortfall of $9,399 in GST payment. She pleaded guilty to five charges, and 10 other charges were taken into consideration in the sentencing.

Both Sng and Yak had also under-declared the value of their imported goods, resulting in a shortfall of $1,216 and $502 in GST payment respectively.

Sng pleaded guilty to two charges and Yak pleaded guilty to one charge.

Under the Customs Act, anyone found guilty of evading GST on the importation of goods can face a fine of up to 20 times the amount of tax evaded and/or can be jailed for up to two years.


This article was first published on Oct 1, 2014.
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