Singapore legislation

Clause 57

of Goods And Services Tax Bill

Clause 57

Penalty for incorrect return

(1)

Subject to the provisions of Part VIII, any person who —

(a)

makes an incorrect return by omitting or understating any tax of which he is required by this Act to make a return; or

(b)

gives any incorrect information in relation to any matter affecting his own liability to tax or the liability of any other person or of a partnership,shall be guilty of an offence, and on conviction he shall pay a penalty equal to the amount of tax which has been undercharged in consequence of such incorrect return or information, or which would have been so undercharged if the return or information had been accepted as correct.

(2)

Any person who without reasonable excuse or through negligence —

(a)

makes an incorrect return by omitting or understating any tax of which he is required by this Act to make a return; or

(b)

gives any incorrect information in relation to any matter affecting his own liability to tax or the liability of any other person or of a partnership,shall be guilty of an offence for which, on conviction, he shall pay a penalty equal to double the amount of tax which has been undercharged in consequence of such incorrect return or information, or which would have been so undercharged if the return or information had been accepted as correct, and shall also be liable to a fine not exceeding $5,000 or to imprisonment for a term not exceeding 3 years or to both.

Read in full context — Goods And Services Tax Bill →