SINGAPORE - Shui Poh Sing, 60, who owns a business popularly known as Ah Seng Durian with his brother, was on Tuesday (May 7) sentenced to three weeks' jail and fined $5,000 for evading taxes. He was also ordered to pay a penalty of $77,077.91.
Shui and his brother Poh Chung, 57, had earlier pleaded guilty to not paying taxes, including failing to register for Goods and Services Tax (GST) when their revenue exceeded $1 million.
The younger brother was fined $10,000 and ordered to pay a penalty of $46,303.14 last Friday.
The prosecution had sought a jail sentence for Shui Poh Sing, who is the managing partner of the firm, and in charge of its accounts and record-keeping.
The duo had admitted to underdeclaring their income by about $708,000 for six years. This resulted in $161,604.62 in taxes undercharged.
The court heard last week that they had inherited Shanghai Moh Lee Seng minimart from their father, who died in 1999.
It ceased operating on Feb 20, 2012, and they moved the business operations to Seng Chung Trading, also known as Ah Seng Durian, that they had set up.
Senior tax prosecutor Patrick Nai, from the Inland Revenue Authority of Singapore (Iras), told the court that the undeclared income earned from the sale of durians by Seng Chung Trading was used to finance the mortgage payments for the brothers' respective properties in Malaysia.