SINGAPORE - One of the partners in a firm dealing with glass-reinforced concrete has been ordered to pay penalties totalling more than $1 million over tax-related offences.Koh is a partner in Unique International Agencies which also deals with the leasing of a warehouse.On Monday , Koh pleaded guilty to 16 charges involving both income tax and Goods and Services Tax -related offences.
Koh's offences led to $439,768 in taxes undercharged while Yeo's led to $28,157 in undercharged taxes. Tax prosecutor Ma Hanfeng from the Inland Revenue Authority of Singapore told the court on Monday that Koh had, without reasonable excuse, given incorrect information on UIA's tax-related matters.
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