inlinesix Hypersonic September 6 Share September 6 On 9/6/2024 at 10:07 AM, Sdf4786k said: If that’s true, IRAS will be very keen to speak to u on Tax evasion by the dealer instead of tax avoidance aka 99-1 .lol For a long time, ppl already told me that's tax evasion. TLDR BMW AG sell BMW Asia (Importer) => OMV or factory price. This price has to fulfill at the very least transfer pricing. It has to be well-documented. Authority from both jurisdiction will ask for it if necessary. BMW Asia is in charge of all matters related to import of the car into Singapore including Homologation. BMW Asia (Importer) sell Eurokar (AD) => Dealer price. ↡ Advertisement 1 Link to post Share on other sites More sharing options...
Lethalstrike Turbocharged September 6 Share September 6 On 9/6/2024 at 10:54 AM, inlinesix said: For a long time, ppl already told me that's tax evasion. TLDR BMW AG sell BMW Asia (Importer) => OMV or factory price. This price has to fulfill at the very least transfer pricing. It has to be well-documented. Authority from both jurisdiction will ask for it if necessary. BMW Asia is in charge of all matters related to import of the car into Singapore including Homologation. BMW Asia (Importer) sell Eurokar (AD) => Dealer price. Exactly as I've mentioned, you know what is happening. 😁 1 Link to post Share on other sites More sharing options...
inlinesix Hypersonic September 6 Share September 6 On 9/6/2024 at 10:57 AM, Lethalstrike said: Exactly as I've mentioned, you know what is happening. 😁 ADVERTISEMENT Must double or triple confirm only ppl will absorb it. 😂 ↡ Advertisement 1 Link to post Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In NowRelated Discussions
Related Discussions
Formula 1 2024
Formula 1 2024
COE Bidding - November 2024
COE Bidding - November 2024
[Spyshots] 2025 3rd Generation Mercedes CLA
[Spyshots] 2025 3rd Generation Mercedes CLA
[Official] 2023 11th Generation Honda Accord
[Official] 2023 11th Generation Honda Accord
2014 Honda Jazz / Fit (GK Series)
2014 Honda Jazz / Fit (GK Series)
The Car Expo 2024 -5 & 6 October Singapore EXPO, Hall 3 & 4
The Car Expo 2024 -5 & 6 October Singapore EXPO, Hall 3 & 4
2023/2024 6th Generation Mercedes E-Class (W214)
2023/2024 6th Generation Mercedes E-Class (W214)
COE Bidding - July 2024
COE Bidding - July 2024