Jusnel 6th Gear October 2, 2020 Share October 2, 2020 Man fined S$418,000 for evading taxes and failing to keep records of vehicle imports https://www.channelnewsasia.com/news/singapore/man-fined-evading-tax-vehicle-imports-documents-customs-13177832 Be careful of this dealer. ↡ Advertisement 4 Link to post Share on other sites More sharing options...
Watwheels Supersonic October 2, 2020 Share October 2, 2020 It's a gang of three PI, Tang Luan Yew (sentenced on Sep 21, 2017), Sunil Kishinchand Bhojwani (sentenced Feb28 2020) and now Tan Wee Leng from Zion Auto. One got caught...bao toh the rest. One of their usual tricks, register company under wife's name. But KNS when kenna bao toh. Nothing happen to the wife. Quote The business, Zion Auto Gallery, was registered under his wife. 2 Link to post Share on other sites More sharing options...
Ct3833 Supersonic October 2, 2020 Share October 2, 2020 (edited) Nothing new, under declaration of OMV and other stuff have been a common practice in the PI industry. And falsifying accounting by moving money between companies is an open trade secret too, not just in the PI industry alone, even listed companies are doing it. Edited October 2, 2020 by Ct3833 2 Link to post Share on other sites More sharing options...
Atrecord Supersonic October 2, 2020 Share October 2, 2020 These could have been news, in its own right - under-declare OMV, pay less tax, etc... But in the light of what we learnt in the last week about how a billionnaire only paid US$750 in tax, then this tax evasion pales in comparison. 😂 4 Link to post Share on other sites More sharing options...
Vinceng Turbocharged October 2, 2020 Share October 2, 2020 Just for discussion, how can the 2.0 Forester OMV be so low at $13K, in the same league as 1.6L Kia Cerato & Hyundai Avante https://www.sgcarmart.com/used_cars/info.php?ID=928850&DL=1079 Toyota Harrier 2.0 OMV is already $30K https://www.sgcarmart.com/used_cars/info.php?ID=923765&DL=2133 Link to post Share on other sites More sharing options...
Mustank Hypersonic October 2, 2020 Share October 2, 2020 7 minutes ago, Vinceng said: Just for discussion, how can the 2.0 Forester OMV be so low at $13K, in the same league as 1.6L Kia Cerato & Hyundai Avante https://www.sgcarmart.com/used_cars/info.php?ID=928850&DL=1079 Toyota Harrier 2.0 OMV is already $30K https://www.sgcarmart.com/used_cars/info.php?ID=923765&DL=2133 Bro, white forester is car for a very niche market 5 Link to post Share on other sites More sharing options...
Atrecord Supersonic October 2, 2020 Share October 2, 2020 19 minutes ago, Vinceng said: Just for discussion, how can the 2.0 Forester OMV be so low at $13K, in the same league as 1.6L Kia Cerato & Hyundai Avante https://www.sgcarmart.com/used_cars/info.php?ID=928850&DL=1079 Toyota Harrier 2.0 OMV is already $30K https://www.sgcarmart.com/used_cars/info.php?ID=923765&DL=2133 million dollar question, this. then when you consider if wanna replace let's say one LED headlight from the Forester, you'll likely be told the spare part already cost maybe ~$1k. Then still got the tail light, the engine, the brake, the ... everything else. maybe get another car in the strip it bare to be spare parts, also more worth it than buying spare parts separately... since OMV is only $13k... 1 2 Link to post Share on other sites More sharing options...
Jellandross Supersonic October 2, 2020 Share October 2, 2020 35 minutes ago, Mustank said: Bro, white forester is car for a very niche market 5 Link to post Share on other sites More sharing options...
Jusnel 6th Gear October 2, 2020 Author Share October 2, 2020 1 hour ago, Vinceng said: Just for discussion, how can the 2.0 Forester OMV be so low at $13K, in the same league as 1.6L Kia Cerato & Hyundai Avante https://www.sgcarmart.com/used_cars/info.php?ID=928850&DL=1079 Toyota Harrier 2.0 OMV is already $30K https://www.sgcarmart.com/used_cars/info.php?ID=923765&DL=2133 It's how our stupid taxation system cause such illogical valuation of our cars Link to post Share on other sites More sharing options...
Tohto Hypersonic October 2, 2020 Share October 2, 2020 2 hours ago, Vinceng said: Just for discussion, how can the 2.0 Forester OMV be so low at $13K, in the same league as 1.6L Kia Cerato & Hyundai Avante https://www.sgcarmart.com/used_cars/info.php?ID=928850&DL=1079 Toyota Harrier 2.0 OMV is already $30K https://www.sgcarmart.com/used_cars/info.php?ID=923765&DL=2133 MI bring bare basic thing into singapore for their car. Everything is local installed. Rims are import as spare part, and many others components of the car. Spare parts don't paid for ARF. This make the OMV very low. 3 Link to post Share on other sites More sharing options...
Watwheels Supersonic October 2, 2020 Share October 2, 2020 (edited) 3 hours ago, Vinceng said: Just for discussion, how can the 2.0 Forester OMV be so low at $13K, in the same league as 1.6L Kia Cerato & Hyundai Avante https://www.sgcarmart.com/used_cars/info.php?ID=928850&DL=1079 Toyota Harrier 2.0 OMV is already $30K https://www.sgcarmart.com/used_cars/info.php?ID=923765&DL=2133 Last time news was that the XV is assembled in M'sia. Maybe it has expanded to all the range. The engine, gb, car structure and panels are from Japan, they ship them separately to the assembly plant in M'sia then from there they assemble and put together the car. If they ship the entire assembled car the tax will no doubt be high. So many other parts are not from Japan? LoL... I dunno lah. That's what I read for XV. There must be a lot of loopholes in the system otherwise why would there be so many private car importers chut so many stunts? Edited October 2, 2020 by Watwheels Link to post Share on other sites More sharing options...
Watwheels Supersonic October 2, 2020 Share October 2, 2020 (edited) 4 hours ago, Ct3833 said: Nothing new, under declaration of OMV and other stuff have been a common practice in the PI industry. And falsifying accounting by moving money between companies is an open trade secret too, not just in the PI industry alone, even listed companies are doing it. It's nothing new but some ppl like to buy from PI especially those smaller companies. Seriously, do they know that the PI that they are dealing with is a potential crook? If they have the balls to smoke the authorities, how about the average car buyer? These crooks just give other PI a bad name. Edited October 2, 2020 by Watwheels Link to post Share on other sites More sharing options...
SiLangKia Supersonic October 2, 2020 Share October 2, 2020 (edited) 7 minutes ago, Watwheels said: Last time news was that the XV is assembled in M'sia. Maybe it has expanded to all the range. The engine, gb, car structure and panels are from Japan, they ship them separately to the assembly plant in M'sia then from there they assemble and put together the car. So many other parts are not from Japan? LoL... I dunno lah. That's what I read for XV. XV for SG is CBU from Japan, including factory rims Assembled in Msia one is CKD only for Msia and Thailand Edited October 2, 2020 by SiLangKia 4 Link to post Share on other sites More sharing options...
Rickster 5th Gear October 2, 2020 Share October 2, 2020 4 hours ago, Vinceng said: Just for discussion, how can the 2.0 Forester OMV be so low at $13K, in the same league as 1.6L Kia Cerato & Hyundai Avante https://www.sgcarmart.com/used_cars/info.php?ID=928850&DL=1079 Toyota Harrier 2.0 OMV is already $30K https://www.sgcarmart.com/used_cars/info.php?ID=923765&DL=2133 Wa, some more this forester is from agent! 13K OMV is like the OMV of my mazda 2 when i bought it back in 2008. Link to post Share on other sites More sharing options...
Watwheels Supersonic October 2, 2020 Share October 2, 2020 1 hour ago, SiLangKia said: XV for SG is CBU from Japan, including factory rims Assembled in Msia one is CKD only for Msia and Thailand OMV is including the Japan tax and shipping cost. Minus all that...really? The car cost so little to build? Something somewhere is missing. Dont you think so? Link to post Share on other sites More sharing options...
Tohto Hypersonic October 2, 2020 Share October 2, 2020 30 minutes ago, Watwheels said: OMV is including the Japan tax and shipping cost. Minus all that...really? The car cost so little to build? Something somewhere is missing. Dont you think so? MI ah Beng boss is doing something other AD not doing. 1 Link to post Share on other sites More sharing options...
SGCM928 3rd Gear October 2, 2020 Share October 2, 2020 It is relatively easy for our authorities to check on tax evasion for new car, simply by comparing the declared OMV vs selling price overseas. But it will be a different story for imported used car, including classic and vintage model, which has been picking up its pace in the recent years. 1 Link to post Share on other sites More sharing options...
SiLangKia Supersonic October 2, 2020 Share October 2, 2020 (edited) 2 hours ago, Watwheels said: OMV is including the Japan tax and shipping cost. Minus all that...really? The car cost so little to build? Something somewhere is missing. Dont you think so? That's why for XV , those CBU with 13-15 k omv, you'd notice have certain features removed to bring down omv, e.g. deletion of sunroof, electic driver's seat, auto dimming rearview mirror, High beam assist, Blind spot detection, lane change assist, rear cross traffic alert, reverse automatic braking all these to keep the omv down. Later half 2019 to 2020 there are higher spec ones with all these features but OMV closer to 20K Edited October 2, 2020 by SiLangKia ↡ Advertisement 1 Link to post Share on other sites More sharing options...
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