SINGAPORE: A kidney specialist has been ordered to pay nearly S$1.8 million in penalties and a S$21,000 fine after being found guilty of ...
SINGAPORE: A kidney specialist has been ordered to pay nearly S$1.8 million in penalties and a S$21,000 fine after being found guilty of tax-related offences, the Inland Revenue Authority of Singapore said on Friday .
These deposits were therefore not included in the centre’s books, and subsequently not reported in its income tax return. Additionally, it was not declared in Lye’s personal income tax returns.“Investigations revealed that knew about the payments and deposits into his personal bank account ... However, he did not take steps to transfer the amounts deposited in his bank account to the centre’s accounts,” court documents said.
This led to nearly S$6 million in income omitted and about S$1.02 million in undercharged income tax.
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