Freight entrepreneur fined for fraudulent evasion

A freight handler was fined in Singapore for evading payment of GST

Singapore freight handler fined for GST fraud

The director of an Australasian freight forwarding company has been fined over $60,000 for fraudulently evading goods and services tax (GST) in Singapore.

Swiftfox director Foong Zhong Wen pleaded guilty to 15 counts of fraudulent GST evasion, while 29 other similar counts were considered in sentencing.

Singapore state courts fined Foong on May 12 $63,835 for avoiding paying GST on the importation of miscellaneous goods between April and August 2019.

Singapore Customs said it has started investigating Swiftfox for suspected under-declaration of the value of goods following discrepancies in certain customs clearance permits (CCPs).

These investigations revealed that a Swiftfox customer had engaged the company to handle customs clearance for shipments from China.

Foong allegedly intentionally suppressed the value of the goods by altering the values ​​on the manifest before providing it to the declaring agent to request the CCPs.

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The agent then paid Singapore Customs the GST based on the removed values ​​and invoiced Swiftfox accordingly, as Foong’s actions resulted in an underpayment of GST to Singapore Customs.

Singapore Customs says Foong did so for 52 CCPs in 2019, avoiding more than $15,000 in GST payments.

Singapore Customs says anyone found guilty of fraudulent evasion would face a fine of up to 20 times the amount of duty and GST evaded.

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