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To all flippers (Big & small)
A funky forum watch flipper in a famous forum get nasty with a moderator.
He no longer post for many mths.
The moderator got really pissed & reported all his, "FS: BNIB..." to ICA in Singapore for tax evasion.
Our poor flipper has been bringing in many many watches every week since 2005 with others help.
He get airlines' stewardess & steward and even 1st officer to bring the watch back from Europe since 2005.
Prb with ICA is the watches were tax rebated in Europe & was not declared as trade merchadize when it landed in Changi by the airline crews who passed all e watches to our dear flipper.
ICA officers even impersonated as a buyer to buy just few of this rich flipper's watches to get solid proof that the watch came from Europe (with dealer stamp; no pun intended) and it was recently dated to proof it's new & was sold as mechandize in Spore w/o GST.
To make it worst, our fren has been moving about in Europe & was rarely back. He always ask another person to deliver e watch for him.
So, ICA assume & proof beyond doubt all his BNIB are from there!
ICA printed out all his "SOLD" reponces to each of his post and tallied all of em for tax evasion (GST + IRAS).
Our poor fren cannot proof that he got this watch from any1 in Singapore.
He paid a total of SGD1.2million in GST & IRAS profit tax evasion last mth & we have never heard from him since.
Flip just just one recently dated BNIB watch with "SOLD" responce to it in any forum is construed by law as merchadize not for personal use & if some1 want to really go after you...all it takes is just a kopi to view the watch and voila, you're in Sub Court.
If you are a flipper of any overseas watch under the guise of BNIB with recent date, be careful who you meet.
Some1 maybe jealous of your sales or your connection.....
Dun come looking for me if it ever happens to u....cos I was charged last year & paid my dues which is a LOT (3 x the amout due)!!!.
Our poor flipper was charged this yr & he paid heftily as he flipped 50x more than me.
A funky forum watch flipper in a famous forum get nasty with a moderator.
He no longer post for many mths.
The moderator got really pissed & reported all his, "FS: BNIB..." to ICA in Singapore for tax evasion.
Our poor flipper has been bringing in many many watches every week since 2005 with others help.
He get airlines' stewardess & steward and even 1st officer to bring the watch back from Europe since 2005.
Prb with ICA is the watches were tax rebated in Europe & was not declared as trade merchadize when it landed in Changi by the airline crews who passed all e watches to our dear flipper.
ICA officers even impersonated as a buyer to buy just few of this rich flipper's watches to get solid proof that the watch came from Europe (with dealer stamp; no pun intended) and it was recently dated to proof it's new & was sold as mechandize in Spore w/o GST.
To make it worst, our fren has been moving about in Europe & was rarely back. He always ask another person to deliver e watch for him.
So, ICA assume & proof beyond doubt all his BNIB are from there!
ICA printed out all his "SOLD" reponces to each of his post and tallied all of em for tax evasion (GST + IRAS).
Our poor fren cannot proof that he got this watch from any1 in Singapore.
He paid a total of SGD1.2million in GST & IRAS profit tax evasion last mth & we have never heard from him since.
Flip just just one recently dated BNIB watch with "SOLD" responce to it in any forum is construed by law as merchadize not for personal use & if some1 want to really go after you...all it takes is just a kopi to view the watch and voila, you're in Sub Court.
If you are a flipper of any overseas watch under the guise of BNIB with recent date, be careful who you meet.
Some1 maybe jealous of your sales or your connection.....
Dun come looking for me if it ever happens to u....cos I was charged last year & paid my dues which is a LOT (3 x the amout due)!!!.
Our poor flipper was charged this yr & he paid heftily as he flipped 50x more than me.
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