Teo Ah Moy (Income Tax and GST offences)

Offences

Teo Ah Moy, 50-year old sole director and principal decision-maker of two companies - Matrix Ingredients Pte Ltd (“Matrix”) and Maxim Ingredients International Pte Ltd (“Maxim”), convicted of: 

• 3 charges of giving incorrect information in relation to Matrix’s Income Tax returns (Form C) for YA 2011, 2013 and 2014, resulting in $516,899.11 in taxes undercharged; and
• 29 charges of giving incorrect information in relation to Matrix’s and Maxim’s GST returns, resulting in $1,211,981.16 in taxes undercharged.
  

Court sentence

• $3,588,760.54 in fine and penalty.