Man found guilty of omitting rental income in tax returns

A 52-year-old businessman has been found guilty of failing to declare his rental income in his income tax returns for Year of Assessment 2005.

The rental income amounted to about $139,000.

Goh Ah Bah was sentenced to one week’s jail and ordered to pay a penalty of $74,000 after pleading guilty to one charge.

Goh has paid the penalty in full but he is also appealing against his sentence.

His bail of $40,000 has been extended and his passport remained impounded.

The Inland Revenue Authority of Singapore (IRAS) said Goh owns a number of properties including HDB shop-houses.

It said he had deliberately not declared the rental income he received from these properties in his income tax returns for the Years of Assessment 2000 to 2006.

IRAS said he had committed in total seven tax offences amounting close to $512,000.

The other six offences have been compounded by the Comptroller of Income Tax at three times the tax under-declared.

Source : Channel NewsAsia – 12 Oct 2010

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