Yeo-Koh & Ong, Public Accountants & Chartered Accountants

07/09/2026

03/07/2026

Buntono, 49, who runs Eminent Frog Porridge Restaurant (Ming Hui Frog Porridge) and Eminentseafood, was charged in Court today with Income Tax and Goods and Services Tax (“GST”) evasion and money laundering offences.

Tax offences:
- Wilfully understating his trade income for Years of Assessment (“YAs”) 2016 to 2024, resulting in close to $2 million of income tax being undercharged
- Wilfully perpetuating a fraud by deliberately concealing the liability of his businesses to be registered for GST, resulting in close to $1.8 million of GST being undercharged
- Failing to keep sufficient business records for YAs 2016 to 2024

Money laundering offences:
- Possessing properties that, in part, represented his benefits from wilful income tax evasion, namely over $2.4 million in cash, a Lamborghini Aventador and a landed property

🔗Read the full media release here: go.gov.sg/iras-buntono

03/07/2026

Giam Zi Hin, Luke (“Giam”) was convicted of one fraudulent trading charge, and the Court sentenced him to 6 years’ imprisonment. He was a key member of the criminal syndicate behind a Goods and Services (“GST”) Missing Trader Fraud (“MTF”) scheme involving approximately $114 million in fictitious sales.

Giam admitted to directing the operations of xShine Enterprise Pte Ltd (“xShine”) for the fraudulent purpose of being a buffer company within the GST MTF scheme. He instructed the director of xShine to:
- Endorse falsified sales invoices and issue cash vouchers to create a guise of genuine sale
- Falsify and issue more than 127 sales invoices of xShine, with a sales value of close to $47 million

🔗 Read the full media release here: go.gov.sg/gst-mtf-giam

21/05/2026

Daniel Chun Ling Ping, a 50-year-old accountant, has been convicted of hindering the Comptroller of GST during a GST audit. He created and submitted fictitious invoices and transaction listings and provided false information to obstruct the audit process.

As a certified public accountant, Chun’s role carried significant responsibility, making his facilitation of tax offences especially serious.

He has been sentenced to 30 weeks’ jail.

🔗 Read the media release: go.gov.sg/taxcrime-danielchun

22/03/2026

On 17 March 2026, tax investigators from IRAS conducted island-wide raids at over 20 business premises and residential locations, as part of investigations into several suspected Goods and Services Tax (GST) refund fraud cases.

The operation led to the arrest of one female suspect, aged 56, for one of the cases. Accounting records, electronic devices, and other evidence linked to the alleged offences were seized, including 179 luxury watches estimated to be worth more than $1 million.

In 2025, more than 1,300 businesses making GST refund claims were audited, resulting in a recovery of over $100 million in taxes and penalties.

💼 Businesses and individuals are encouraged to report any suspected tax malpractices or disclose any past tax mistakes. Refer to go.gov.sg/iras-voluntary-disclosure for more information on voluntary disclosure.

🔗 Read the media release: go.gov.sg/iras-island-wide-raids

13/02/2026

Ng Kim Kia, Gary, a 36-year-old product sales distributor, has been charged for having made false entries in his Individual Income Tax returns, resulting in tax undercharged amounting to $323,631.

Between 2020 and 2025, IRAS audited and investigated some 32 multi-level marketing (“MLM”) agents for anomalies in their tax reporting. By 2025, IRAS completed the review of 16 such cases and recovered $1.66 million in taxes and penalties.

🔗 Read the media release: go.gov.sg/taxcrime-salesdistributor

04/02/2026

Joanne Chua Sze Wang (“Chua”), a 60-year-old businesswoman, has been convicted of the following offences:

(1) Failed to exercise the required diligence as the finance manager of Mandarin Communications Pte Ltd and director of Esteris Pte Ltd, leading to the companies unlawfully collecting a total of $463,052 in GST without being GST-registered
(2) Evaded $5,245 in taxes by omitting her income from her sole proprietorship, Wang Design Station, for Years of Assessment 2014 and 2019

Chua has been ordered to pay a fine of $59,000 and a penalty of $1,404,893.

15/01/2026

Peh Eng Chen, a 48-year-old director of Swift Garage Pte Ltd (“Swift Garage”) and Xing Heng Projects Pte Ltd (“Xing Heng”), has been convicted of
(1) under-reporting Swift Garage’s Goods and Services Tax (GST) return;
(2) deliberately concealing Xing Heng liability to be registered for GST; and
(3) providing a false reply to IRAS during a GST audit. The total amount of GST undercharged was $300,350.

He was sentenced to 66 weeks’ imprisonment and ordered to pay a penalty of $901,051.

14/01/2026

Sufandi Bin Ahmad, a 45-year-old former conveyancing clerk, has been convicted of forging a stamp certificate. He knowingly used a counterfeit stamp certificate with the intent to deceive a bank into disbursing a property purchase loan.

For this offence, Ahmad has been sentenced to 4 weeks’ imprisonment.