Yeo-Koh & Ong, Public Accountants & Chartered Accountants

On 17 March 2026, tax investigators from IRAS conducted island-wide raids at over 20 business premises and residential locations, as part of investigations into several suspected Goods and Services Tax (GST) refund fraud cases.

The operation led to the arrest of one female suspect, aged 56, for one of the cases. Accounting records, electronic devices, and other evidence linked to the alleged offences were seized, including 179 luxury watches estimated to be worth more than $1 million.

In 2025, more than 1,300 businesses making GST refund claims were audited, resulting in a recovery of over $100 million in taxes and penalties.

💼 Businesses and individuals are encouraged to report any suspected tax malpractices or disclose any past tax mistakes. Refer to go.gov.sg/iras-voluntary-disclosure for more information on voluntary disclosure.

🔗 Read the media release: go.gov.sg/iras-island-wide-raids

Ng Kim Kia, Gary, a 36-year-old product sales distributor, has been charged for having made false entries in his Individual Income Tax returns, resulting in tax undercharged amounting to $323,631.

Between 2020 and 2025, IRAS audited and investigated some 32 multi-level marketing (“MLM”) agents for anomalies in their tax reporting. By 2025, IRAS completed the review of 16 such cases and recovered $1.66 million in taxes and penalties.

🔗 Read the media release: go.gov.sg/taxcrime-salesdistributor

Joanne Chua Sze Wang (“Chua”), a 60-year-old businesswoman, has been convicted of the following offences:

(1) Failed to exercise the required diligence as the finance manager of Mandarin Communications Pte Ltd and director of Esteris Pte Ltd, leading to the companies unlawfully collecting a total of $463,052 in GST without being GST-registered
(2) Evaded $5,245 in taxes by omitting her income from her sole proprietorship, Wang Design Station, for Years of Assessment 2014 and 2019

Chua has been ordered to pay a fine of $59,000 and a penalty of $1,404,893.

Peh Eng Chen, a 48-year-old director of Swift Garage Pte Ltd (“Swift Garage”) and Xing Heng Projects Pte Ltd (“Xing Heng”), has been convicted of
(1) under-reporting Swift Garage’s Goods and Services Tax (GST) return;
(2) deliberately concealing Xing Heng liability to be registered for GST; and
(3) providing a false reply to IRAS during a GST audit. The total amount of GST undercharged was $300,350.

He was sentenced to 66 weeks’ imprisonment and ordered to pay a penalty of $901,051.

Sufandi Bin Ahmad, a 45-year-old former conveyancing clerk, has been convicted of forging a stamp certificate. He knowingly used a counterfeit stamp certificate with the intent to deceive a bank into disbursing a property purchase loan.

For this offence, Ahmad has been sentenced to 4 weeks’ imprisonment.

Rickey Tan Yao Rong, a 54-year-old former car trader, has been convicted of Income Tax and Goods and Services Tax (“GST”) offences.

Tan was convicted of:
- 2 counts of making false entries in his personal income tax returns for the years of assessment (“YAs”) 2018 and 2019, resulting in $260,773 in tax undercharged
- 1 count of failing to notify the Comptroller of GST of his liability to be registered as a taxable person, leading to $245,420 of GST due

Tan was sentenced to:
- 12 months and 2 weeks’ imprisonment;
- Penalty of $806,861; and
- Fine of $3,500

Lim Yen Ei, a 48-year-old Taoist priest and sole proprietor of San Jie Hun Xuan Dao Tan, has been convicted of under-reporting his trade income, resulting in $41,987 in taxes undercharged.

He was sentenced to 11 weeks’ imprisonment and ordered to pay penalties of $125,962.20.

Read the full media release at www.iras.gov.sg/news-events/newsroom/taoist-priest-convicted-of-income-tax-evasion.

Three individuals were convicted and fined a total of $105,500 under the Companies Act 1967 for false declarations and failing to obtain proper consent documentation. They had faced 64 charges under the Companies Act and were registered qualified individuals when the offences were committed.

1) Wang Fang was fined $83,000 for authorising the appointment of directors without proper consent documentation and making false filings about registrable controller (i.e. beneficial owner) information.

2) Yuan Shuhua was fined $15,000 for making false declarations on the annual returns of RH Corporate Pte Ltd for FYE 31 Dec 2020 and FYE 31 Dec 2021 that the said company was exempted from the requirement to maintain a Register of Registrable Controllers, when it was not eligible for such exemption

3) Wu Lijuan was fined $7,500 for false registrable controller declarations.

All three have been disqualified from acting as company directors for 5 years.

ACRA will take firm enforcement action against non-compliance, including suspending or cancelling registrations, and pursuing both corporate and individual accountability where appropriate. Under the Companies Act, false declarations can result in fines of up to $50,000 or imprisonment of up to 2 years, or both.

Read more here: https://go.gov.sg/acra-news-899

Tan Kian Peng, a 38-year-old director of Hoe Ming Renovation Pte Ltd, Orangree Renovation Pte Ltd, XP Renovation Contractor Pte Ltd, and GTY Renovation Contractor Pte Ltd, and sole proprietor of Homescape Renovation, has been convicted for tax and money laundering offences.

Tan’s offences include: (1) making false entries in GST returns, resulting in $662,657 in taxes undercharged; (2) hindering IRAS officers in carrying out their duties; (3) transferring property representing her benefits of criminal conduct.

For tax offences, Tan Kian Peng has been sentenced to 74 weeks’ of imprisonment and ordered by the Court to pay $1,987,971.72 in penalties and $1,000 in fine. For money laundering offences, she has been sentenced to 10 months’ imprisonment.

Chong Jia Ling, Genevieve, a 27-year-old businesswoman who distributed and sold products during the years 2020 and 2021, has been charged for income tax offences. Chong faces the following charges:
(1) making false entries in her individual income tax returns, resulting in tax undercharged amounting to $371,859, and
(2) providing false documents to the Comptroller of Income Tax to support fraudulent expense claims amounting to $149,453 for Years of Assessment 2021 and $45,190 for Years of Assessment 2022.

Kang Yang Pang, a 53-year-old director of Qiann Xii Pte Ltd (“QXPL”) selling geomancy-related products, has been convicted of (1) under-reporting the income of QXPL resulting in $74,547 in taxes undercharged; (2) failing to register the business for Goods & Services Tax (GST) resulting in $218,880 in GST undercharged; (3) failing to keep and retain records required under the Income Tax Act; and (4) failing to preserve business and accounting records required under the GST Act.

He was fined $11,000 and ordered to pay a penalty of $170,982.