Recently, the Fourth Inspectorate of the City Revenue Service, based on a large tax data analysis trail, has legally identified cases of tax refunds for deep-seated, sweeping Trade Ltd. for the collection of value-added tax. The company was found to have defrauded the tax credit of S$69.01 million by dividing its business to improve the amount of taxes, make false declarations. The fourth inspectorate of the City Revenue Authority has legal recourse to the company’s deceived tax, and a fine i...

Recently, the Fourth Inspectorate of the City Revenue Service, based on a large tax data analysis trail, has legally identified cases of tax refunds for deep-seated, sweeping Trade Ltd. for the collection of value-added tax. The company was found to have defrauded the tax credit of S$69.01 million by dividing its business to improve the amount of taxes, make false declarations. The fourth inspectorate of the City Revenue Authority has legal recourse to the company’s deceived tax, and a fine i...