Another company and director were hauled up by IRAS on 29 July for creating fictitious invoices and false entries. The company – Republic Beverages Co Pte Ltd committed this fraud in order to claim GST refund claims. The director was sentenced to 4 months in jail and fines up to almost $200,000! Therefore, I always… Continue reading Company and Director charged in court for GST fraud
The MOF and ACRA is currently inviting public feedback on the review of the Companies Act and the Regulatory Framework for Foreign Entities. One potential recommendation of interest is the introduction of a small company criteria. This will be used to determine whether a company is required to be audited. As a result of this,… Continue reading Review of the Companies Act
Came across this article on the IRAS website. A taxpayer’s unpaid tax arrears was recovered thru his Workfare Bonus and Growth Dividends. IRAS’s response was this was done only as a last resort to recover the due tax arrears. Yes, it’s true! Even if you are an employee of a company, if your taxes are… Continue reading Call IRAS for instalment payment plan
Finally our website went up live on this auspicious day! A BIG THANK YOU to Livewir3!! Communications and Cherry Solutions for the job well done! I hope this website will provide existing and potential clients alike to have some sort of a ‘preview’ of our company. So now we already have a website. Keep a… Continue reading PL Biz Consulting Pte Ltd’s website: Up and running