Woman Charged with 97 Offenses for Allegedly Filing $1.4m in Fraudulent Tax Claims
Tan Kian Peng, 38, is accused of setting up multiple companies and submitting over $1.4 million in fraudulent tax claims over seven years. She faces charges for false GST returns and hindering tax authorities. Investigations revealed no substantial business activities in her entities.
Tan Kian Peng, 38, is accused of setting up multiple companies and filing fraudulent tax claims of over $1.4 million over seven years. She was charged with 87 counts of making false entries in GST returns and hindering Iras officers. Investigations revealed the entities had no substantial business activities. Tan is also accused of transferring $213,000 suspected to be benefits of criminal conduct. Her case was adjourned to Aug 6.
Singapore authorities stated that they take a serious view on fraudulent GST refund claims and related money laundering activities. Those who evade tax can face penalties of three times the amount of tax undercharged, fines up to $10,000, and/or imprisonment for up to seven years.
According to the source: The Straits Times.
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