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SINGAPORE: A sole-proprietor has been sentenced to one month and two weeks jail for evading GST and income tax.
The court also ordered Danny Lee who owns Sourcing & Procurement Asia Pacific (S&P) to pay a total penalty of some S$183,000.
He faced 13 charges for failing to account for GST of about S$111,500 collected from customers between April 2003 and September 2006.
He was also charged with under-reporting income of about S$900,000 from S&P and evaded S$150,000 in income tax from 2004 to 2007.
Lee pleaded guilty to two charges of evading GST by under-stating output tax in his GST returns.
He also pleaded guilty to two charges of evading income tax by under-reporting his income from S&P.
In default of paying the income tax penalty, he would be sentenced to five months of imprisonment.
The remaining charges were taken into consideration in sentencing.
-CNA/wk
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