Company fined $12,000 and ordered to pay penalty
of almost $256,600 for evading tax
by Ong Dai Lin
10:00 PM Jun 25, 2010
A COMPANY was fined $12,000 and ordered to pay a penalty of almost $256,600 on Friday for tax evasion.
Mini Environment Service (MES), which operates dormitories and manages foreign workers, had included fictitious expenses amounting to about $371,700 in its statements of accounts for 2001 and 2002.
These comprised sub-contract fees supposedly charged by various sub-contractors when no work or services were performed by these companies for MES.
MES was charged with 12 counts of preparing false statements of accounts and under-reporting its income for 2002 and 2003.
The prosecution withdrew nine of the charges after the company compounded them for almost $1.1 million.
A representative from MES pleaded guilty to the remaining three charges.