Home News Featured News Couple behind popular Roast Meat joint jailed for tax evasion

Couple behind popular Roast Meat joint jailed for tax evasion

Author

Date

Category

- Advertisement -

By: Kheng-Liang Tan

In a Press Release on Monday (29 Aug), IRAS said that the sole-proprietor behind the popular Kay Lee Roast Meat, Ha Wai Ka, was convicted of evading $54,917 in income taxes for the Years of Assessment 2010 and 2011.

His wife Kong Kuee Chin, was also convicted of assisting him in the evasion.

Such offences took place before the couple sold the chain of restaurants to the Aztech Group in 2014 for S$4 million.

- Advertisement -

According to the release, the couple – who were 64 and 69 respectively – were then the sole proprietors of Kay Lee and Wan Tat Eating House.

The wife was in charge of recording the daily cash collections and expenditures for both entities into her diary before providing them to their accountant. The account would use such information provided to prepare their accounts and income tax returns.

Investigations revealed that for YA2010, the couple had provided $531,924 as the sales figures for Kay Lee to their accountant when the actual sales income was $693,839. For YA2011, the income was declared as $665,413 when the actual sales income was $829,335.

Both husband and wife were found guilty by the court and were sentenced to four weeks’ jail and fined $164,751 each, being three times the amount of tax evaded.

The Press Release added that IRAS takes a serious view of non-compliance and tax evasion. There will be severe penalties for those who wilfully evade tax. The authorities will not hesitate to bring offenders to court.

Informants who provide information or documents that lead to evaded tax being recovered will get a cash reward of 15 per cent of the tax recovered, capped at S$100,000.

 Follow us on Social Media

Send in your scoops to news@theindependent.sg 

No tags for this post.
- Advertisement -

Ho Ching explains to Calvin Cheng why S’pore is vaccinating slowly

Singapore – Information on why Singapore has not been able to vaccinate fast enough was highlighted by former Nominated Member of Parliament Calvin Cheng on social media. Mr Cheng took to Facebook on Sunday (May 9) to share screenshots of a Facebook...

Nearly 10,000 take umbrage at Ng Yat Chung and sign petition calling for his dismissal

Singapore -- Almost 10,000 people have taken umbrage at SPH CEO Ng Yat Chung’s “boorish behaviour” and have signed a petition calling for his dismissal. Singapore Press Holdings (SPH) Chief Executive Officer (CEO) Ng Yat Chung took “umbrage” at a reporter's questions...

K Shanmugam: Ng Yat Chung’s reaction, and the way he answered the question was very unfortunate

Singapore – Home Affairs and Law Minister K Shanmugam took to social media to point out his views on the Singapore Press Holdings (SPH) restructuring, and added that SPH Ceo Ng Yat Chung's reaction to a reporter was "very unfortunate". Speaking at...
Follow us on Social Media

Send in your scoops to news@theindependent.sg 

No tags for this post.
Theindependent