Originally posted by maurizio13:
Penalty for failure to make return
94A. (1) Any person who fails or neglects without reasonable
excuse to comply with any provision of section 62 or 71 shall be
guilty of an offence and shall be liable on conviction to a fine
not exceeding $1,000 and in default of payment to imprisonment for
a term not exceeding 6 months.
(2) Where any person has been convicted of an offence
(a) for failing to comply with section 62 (3) and such conviction
is subsequent to a conviction for an offence for failing to comply
with section 62 (1);
(b) for failing to comply with any provision of section 62 or 71
and such conviction is a second or subsequent conviction; or
(c) for failing to comply with any provision of section 71 and such
conviction is subsequent to a conviction for an offence for failing
to comply with any provision of section 62,
in respect of the same year of assessment, he shall be liable to a
further penalty of $50 for every day during which the offence is
continued after such conviction.
(3) Any person who fails or neglects without reasonable excuse to
comply with section 62 or 71 in respect of any year of assessment
for 3 years or more shall be guilty of an offence and shall be
liable on conviction to
(a) a penalty equal to double the amount of tax which the
Comptroller assesses him to be liable for that year of assessment
after determining, to the best of the Comptroller"s judgment, the
amount of his chargeable income; and
(b) a fine not exceeding $1,000,
and in default of payment to imprisonment for a term not exceeding
6 months.
(4) Except in the case of a notice published in the Gazette under
section 62 (1), no person shall be liable to prosecution for an
offence under this section in respect of failure to comply with the
terms of any notice issued under the provisions of this Act unless
the notice has been served on him personally or by registered
post.
(5) The Comptroller may compound any offence punishable under this
section.
Any income sourced in Singapore is
subjected to tax in Singapore, unless ............... (but I think
you don't belong to the "unless" category).
Normally IRAS can't be bothered with small fries, because the
manpower involved to audit the taxpayer cost more than the tax
evaded.
[b]But you might incur the notice of IRAS if you decide to buy
property, vehicles, etc.
[/b]
Personally, I would NOT waste my money on the over-priced crappy
properties here in SG...
..just live a middle income HDB family, simple indulgences, spend
small & save BIG, then eventually get the hell out of
here.!!!
