Man in Singapore Arrested, Fined for GST Evasion and Customs Act Violations
Zhao Kun, the director of Maxtech Plus and sole proprietor of VAM International Group, was sentenced to five weeks in prison and a $275,860 fine for evasion of Goods and Services Tax payments and falsifying documents sent to Singapore Customs,…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
the customs agency announced in a March 22 news release. Between 2016 and 2018, Zhao, a permanent resident of Singapore, under-declared the value of his company's imports, evading GST payments of about $64,200. He pleaded guilty to five charges of fraudulent evasion of GST and providing false information. Zhao also falsified 95 delivery orders and 29 purchase orders submitted as part of a Singapore Customs audit in December 2016, in violation of the Customs Act. He provided, or caused to be provided, more falsified documents in May and October 2017 when questioned by customs officials.