SINGAPORE: A couple behind a retailer that sells live-streamed goods was found guilty and fined on Tuesday ( October 15 ) for evading the Goods and Services Tax ( GST ) on imported goods.
Wang Siew Ching, the director of , Vanity Closet and , Rayson Loo Sian Hao, her husband and the manager of the company, had evaded about S$ 91, 915 ( US$ 70, 250 ) in GST and omitted freight charges of about S$ 4, 172 in import declarations.
Wang and Loo were fined S$ 396, 000 and S$ 453, 000 both.
Video sales on Vanity Closet’s Facebook page, which featured branded products from abroad, were the company’s main line of business.
Wu had source and promote Loo may arrange to ship the goods to Singapore, according to a media release from Singapore Customs.
” Customs conducted assessments on Vanity Closet’s imported goods in 2021 in January 2022 and discovered anomalies between the real values of the products and those that were declared to Customs.”
Wang, Loo, and their staff members had attend stores selling branded goods in the United States and the United Kingdom and post live streams on Twitter.
They may purchase the goods and give them via air to Singapore once they had received orders from their clients.
Loo sent freight forwarders,  , who declared the stifled beliefs to Customs, who created invoices with beliefs that were significantly lower than what the products truly were.
According to Singapore Customs,” This led to GST underpayments and yet non-payment in cases where the declared values were less than S$ 400.”
All products imported via surroundings that are for up to S$ 400 have GST been subject to this since 2023.  ,