Man gets jail, S$1.4 million penalty for instigating son to evade taxes on luxury watch business

This is the first prosecution involving a business in the pre-owned luxury watch industry.

The Inland Revenue Authority of Singapore building. (Photo: CNA/Gaya Chandramohan)

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SINGAPORE: A 61-year-old man was sentenced on Monday (Sep 7) to 14 months’ jail and ordered to pay a penalty of more than S$1.4 million for instigating his son to evade taxes on a luxury watch business.

Pang Chuan Wah had instigated his son to provide false information to the Inland Revenue Authority of Singapore (IRAS), resulting in a significant under-declaration of income and Goods and Services Tax (GST) liabilities.

Pang was involved in the operations of KB Luxury Watch and Jewellery, a pre-owned luxury watch business.

Though the company was under the sole proprietorship of his son, Pang managed and directed the business’ operations and tax matters.

For the years of assessment 2018 to 2020, Pang instigated his son to evade tax and make false entries in his individual income tax returns. He also provided his son with understated income figures for the business, which were entered and stated in the returns.

This resulted in the undercharging of over S$350,000 in income tax.

Pang also instigated his son to commit tax fraud by deliberately concealing his liability to register for GST.

Pang instructed his son to state that the sales of the business were around S$920,000 - under the S$1 million threshold to be liable for GST - despite the actual sales exceeding S$10 million.

This resulted in more than S$100,000 in GST being undercharged from Jun 1, 2017, to Dec 30, 2018.

For the accounting period from Apr 1, 2019, to Jun 30, 2019, Pang further directed his son to make a false entry in his GST F5 return, resulting in over S$15,000 in GST being undercharged.

“IRAS takes a serious view of non-compliance and tax evasion. There will be severe penalties for those who wilfully evade tax,” the authority said.

Offenders may face a penalty of up to four times the amount of tax evaded and jail terms may also be imposed.

In FY2025/26, IRAS recovered about S$589 million in taxes and penalties, according to its annual report released on Sep 4.

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这是首例涉及二手奢侈手表行业企业的起诉案件。

新加坡税务局大楼。（图片：CNA/Gaya Chandramohan）

这段音频由人工智能工具生成。

新加坡：一名 61 岁男子周一（9 月 7 日）被判处 14 个月监禁，并被勒令支付超过 140 万新元的罚款，原因是他唆使儿子逃避奢侈手表生意的税款。

彭传华唆使儿子向新加坡税务局 (IRAS) 提供虚假信息，导致其收入和商品及服务税 (GST) 负债严重少报。

庞先生曾参与KB Luxury Watch and Jewellery（一家二手奢侈手表企业）的运营。

虽然公司由他的儿子一人独资拥有，但庞负责管理和指导公司的运营和税务事宜。

在2018年至2020课税年度，庞某唆使其子逃税，并在其个人所得税申报表中作虚假陈述。他还向其子提供了低报的企业收入数据，并将其填写在申报表中。

这导致少收了超过 35 万新元的所得税。

庞某还唆使儿子故意隐瞒其注册消费税的义务，从而实施税务欺诈。

庞指示他的儿子声称该企业的销售额约为 92 万新元——低于 100 万新元的消费税起征点——尽管实际销售额超过 1000 万新元。

这导致 2017 年 6 月 1 日至 2018 年 12 月 30 日期间少收了超过 10 万新元的消费税。

在 2019 年 4 月 1 日至 2019 年 6 月 30 日的会计期间，庞某还指示其子在其消费税 F5 申报表中作虚假记录，导致少收消费税超过 15,000 新元。

“新加坡税务局对不遵守税法和逃税行为持严肃态度。对于故意逃税者，将处以严厉处罚。”该机构表示。

违法者可能面临高达逃税金额四倍的罚款，并可能被判处监禁。

根据新加坡税务局9月4日发布的年度报告，在2025/26财年，税务局追回了约5.89亿新元的税款和罚款。

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