Tax Evasion: Recent Changes in the Sentencing Regime

Recommended: Get updated and gain insights on the punishments for tax evasion
25 March 2020, Wednesday

Closing date: 18 March 2020, Wednesday or when spaces are filled

02.30 - 05.30PM

(Registration starts at 2.00pm.)

“Changi Airport” Room
111 Somerset Road
#04-04, SAA Global Education
TripleOne Somerset 
Singapore 238164

CPE Hours (Income Tax):

3 hour(s)

CPE Hours (GST):

0 hour(s)

SILE CPD Points:
2.5 public CPD Points
Practice Area:
Training Category:
$ 99 (SIATP/ISCA Member); $129 (Association Member); $185 (Non-Member)
Details/ Promotion:

Nabila at 6597 5714 / Wan Zhen at 6597 5717
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Programme Synopsis

Singapore has a zero-tolerance stance towards tax evasion. In 2019, the Inland Revenue Authority of Singapore (IRAS) adopted a new sentencing framework in its sentencing submissions for at least two income tax cases. There was an increase in the sentencing benchmarks sought by the IRAS and imposed by the Court in these cases.

How has the range of penalties and imprisonment terms evolved and just how much stiffer are they today?

Jump into this upcoming session of Tax Excellence Decoded and look into the prosecution stages of recent criminal tax cases. Dive deeper, too, and better understand how the new position taken by the IRAS and the State Courts may have been influenced by recent Supreme Court decisions. 

Seize the opportunity and hear from Mr Yang Shi Yong, Director and Mr Charles Li, Associate Director from Tax & Private Client Services, Drew & Napier LLP, who have been in the thick of action. Go beyond knowing the penalties and better understand the underlying impact these apparent changes in the sentencing regime have on future tax cases.

Programme Outline

• Be aware of the range of penalties and imprisonment terms prescribed under the Income Tax Act and GST Act for tax offences
• Understand how the sentencing framework for income tax cases has evolved with observations of stiffer imprisonment terms in recent income tax cases
• Gain insights on how the new sentencing framework may have been influenced by recent Court of Appeal and High Court decisions in non-tax cases and the implications for future tax cases

About the Facilitator(s)

Mr Yang Shi Yong
Director, Tax & Private Client Services
Drew & Napier LLC

Shi Yong advises on a wide spectrum of tax law including corporate and personal income tax, goods and services tax and property tax, with specialisation in Singapore enterprise tax risk management, tax audit, and tax investigation matters. He is regularly engaged on contentious and complex tax audit and investigation matters and is deeply appreciated by his clients for his well-rounded knowledge of Singapore tax law and strong management skills. He successfully resolved a high number of these matters without prosecution. He also regularly advises national oil and gas companies on downstream oil and gas matters, such as joint venture arrangements, supply and trading transactions and strategic reserve procurement arrangements.

Mr Charles Li
Associate Director, Tax & Private Client Services
Drew & Napier LLC

Charles is dual-qualified as a lawyer and accountant. He advises on all major tax types and exchange of information matters, and is familiar with mutual legal assistance requests under the Mutual Assistance in Criminal Matters Act. He was formerly a Senior Legal Specialist (Litigation) and a Senior Tax Prosecutor with the IRAS dealing with major tax and money laundering offences. Charles has broad experience in both the private and public sectors, and in law and accountancy. This enables him to address issues with legal, commercial and regulatory acumen. He also has experience in tax appeals, judicial review and prosecutions and has negotiated many successful settlements on behalf of clients and the tax authority.

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