Taoist priest allegedly made false entries in tax returns, leading to over $167k undercharged
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SINGAPORE - A Taoist priest allegedly made false entries in his personal income tax returns multiple times between 2014 and 2020, leading to more than $167,000 being undercharged.
Lim Yen Ei, 48, faces six counts of tax evasion.
The Singaporean is the owner of a company called San Jie Hun Xuan Dao Tan, according to records in the Accounting and Corporate Regulatory Authority database.
An online search reveals the company used to be known as Hun Xuan Taoist Consultant.
Lim allegedly made false entries in his personal income tax return for the 2014 year of assessment.
On or around April 18, 2014, Lim allegedly falsely stated his income as $121,750, when in fact it was $274,381.
This allegedly led to an undercharged tax of more than $24,500.
Lim allegedly committed similar offences between 2015 and 2020.
According to court documents, each charge is said to involve between some $21,000 and nearly $42,000 in undercharged taxes.
The Singapore Taoist Federation told The Straits Times that Lim is part of its prayer group.
Its spokesman added that the case is Lim’s personal matter and has nothing to do with the organisation.
Lim’s case has been adjourned to June 21.
For each count of tax evasion, an offender can be jailed for up to three years and fined up to $10,000.
