Well-known undertaker Roland Tay has been fined $12,000 and ordered to pay about $530,000 in penalties for tax offences. He pleaded guilty to four charges relating to income, and Goods and Services taxes.
The 77-year-old had made incorrect tax returns across three years, resulting in tax on income of over $250,000 being undercharged. Investigations also found that he failed to register for Goods and Services Tax that would have amounted to over $280,000. In mitigation, Tay's lawyers cited his poor health. They also said he was lowly-educated with no knowledge of financial matters and had entrusted the bookkeeping for some of his business to an employee. Aslam Shah reports.
We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Undertaker Roland Tay fined more than $529,000 for tax evasionRoland Tay Hai Choon, known as an undertaker who arranges free funerals for murder victims or the poor, was fined and penalised for tax evasion on Sept 5. The 77-year-old had under-declared his income from his businesses for three years, resulting in a total of $250,312.49 in income tax being undercharged.
Read more »
Undertaker Roland Tay given S$12,000 fine and penalty of about S$529,000 for tax offencesHis incorrect tax returns led to more than S$250,000 in tax being undercharged across three financial years, and his failure to register for GST when his businesses' taxable supplies exceeded S$1 million for four consecutive quarters led to him owing a total net GST of almost S$287,000.
Read more »
Undertaker Roland Tay given S$12,000 fine and penalty of about S$529,000 for tax offencesSINGAPORE — Well-known undertaker Roland Tay Hai Choon was fined S$12,000 and ordered to pay a penalty of more than S$529,000 for tax offences by a court on Thursday (Sept 5).
Read more »
Undertaker Roland Tay to pay penalty of more than $529,000 in tax-related offencesThe judge has allowed the 77-year-old to pay the hefty penalty over 18 months.
Read more »
Man charged with misappropriating S$12 million from wine investment schemeSINGAPORE: A man who was behind a multi-million dollar wine investment scheme was on Thursday (Aug 8) charged for cheating and related offences.
Read more »
Tada driver sells wife's handmade jewellery in car, passenger buys $12 bracelet: 'Unique experience'A woman was amused and impressed by her Tada driver selling his wife's handmade jewellery in his car.
Read more »