SINGAPORE: A freight forwarding company director was fined S$105,000 last week for fraudulently evading the payment of Goods and Services Tax (GST), as well as for abetting a consignee to furnish false information to Singapore Customs. Tang Yong Hoe, 43, is the sole director of I-Do Logistics, Singapore Customs said in a news release…
10 September 2021 – SINGAPORE A company director has been fined S$50,000 for evading Goods and Services Tax (GST) on shipments of LED flashlights and other accessories, Singapore Customs said on Friday (Sep 10). Kong Ming Jie, 36, incorrectly declared the value of goods in the shipments. He also failed to retain documents relating to the imports,…
18 November 2020 – Singapore Customs has launched an electronic banker’s guarantee (eBG) programme on the Networked Trade Platform (NTP), following seven months of pilots with BNP Paribas, DBS Bank, OCBC Bank, SMBC and UOB. Unlike the traditional banker’s guarantee (BG), which can take up to 10 working days and see traders make up to…
12 November 2020 – SINGAPORE (THE BUSINESS TIMES) – The customs of Singapore and the US have tied up to explore the exchange and reuse of trade data via a system link-up between both countries’ trade platforms. These trade platforms are Singapore’s Networked Trade Platform and the US Automated Commercial Environment. The Singapore Customs and…
