Couple behind Vanity Closet make emotional apology following $849k fine for evading GST, says family helped to settle amount
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It was a painful lesson for them. The married Singaporean couple who were fined a total of $849,000 for evading the goods and services tax (GST) have live-streamed their apology for the «mistake». Rayson Loo Sian Hao, 33, was fined $453,000 whilCouple behind Vanity Closet make emotional apology following $849k fine for evading GST, says family helped to settle amount
It was a painful lesson for them. The married Singaporean couple who were fined a total of $849,000 for evading the goods and services tax (GST) have live-streamed their apology for the «mistake». Rayson Loo Sian Hao, 33, was fined $453,000 while his wife, Rochelle Wang Siew Ching, 34, was fined $396,000 on Oct 15. Each pleaded guilty to 11 charges of fraudulent evasion of GST amounting to $67,810. Another 13 charges of fraudulent evasion of GST amounting to about $24,105 and 25 charges of causing incorrect declarations to be made, by not including the freight charges amounting to about $4,172 in the import declarations, were taken into consideration during the sentencing. The couple run an online shop called Vanity Closet, which was set up as a retailer of fashion products and its main business involved conducting livestream sales of branded goods from overseas retail outlets through its Facebook page. Read more