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Payments

GIRO

GIRO allows you to pay your tax through your bank account. GIRO arrangement can be made for the following Tax Types:

  • Income Tax
  • Property Tax
  • Goods & Services Tax
  • Stamp Duty

How to join GIRO

You will need to complete the GIRO application form and send it to Inland Revenue Authority of Singapore, 55 Newton Road, Revenue House, Singapore 307987. 

We encourage you to use a Master GIRO application form  to do a one-time sign up for the following Tax Types:

  • Income Tax
  • Property Tax
  • Goods & Services Tax

For Master GIRO application form, you are required to use your own bank account for GIRO deductions. If you wish to apply for GIRO for a specific tax type, please use the standard GIRO form.

Alternatively, DBS/POSBOCBC and UOB customers with Internet Banking account can apply for GIRO to pay for your Individual Income Tax and Property Tax.

DBS/POSB customers can also apply for GIRO at AXS stations to pay your Individual Income Tax.

You can contact us on 1800 356 8300 for assistance on your GIRO application.

GIRO Application Processing Time

All GIRO applications will be processed within 14 days. We will write to you when the GIRO application has been processed. You can view your instalment plan details by logging in to myTax Portal .

Change of Bank Account

If you have an existing GIRO arrangement with IRAS and would like to change your bank account, you will need to submit a new GIRO application. For the modes of application, please refer to the paragraph on "How to join GIRO".

Your existing GIRO arrangement will continue until the new application is approved. Upon approval, a revised GIRO instalment plan notice will be sent to you. 

Termination of GIRO arrangement

To terminate your GIRO arrangement, you can call IRAS on 1800 356 8300 or email us. Please settle any overdue tax in full, before you terminate the GIRO arrangement.  You can log in to myTax Portal and click 'View Account Summary' to check if there is any overdue tax.   

GIRO FOR EACH TAX TYPE


Income Tax is payable within one month from the date of Notice of Assessment, i.e. tax bill. You can pay your Income Tax in one deduction or over a maximum of 12 interest-free monthly instalments, subject to a minimum monthly deduction amount of $20. Setting a minimum amount is necessary to improve our efficiency and manage the costs of collection.

How GIRO works?

The 12 monthly GIRO instalment cycle starts in May and ends in April of the following year. If you join GIRO after May, the instalment deduction will commence in the month after your GIRO form is approved and end in April of the following year.

Provisional Instalment Plan (PIP)
Once you are on our GIRO payment scheme, future instalment payments for your taxes will continue in May each year to April of the following year based on a provisional amount. The amount deducted will be based on the instalment amount as per your previous year's tax. The PIP is to allow you to enjoy the maximum number of monthly instalments.

When will my PIP be revised?
Your PIP will be revised when your tax assessment for the year is finalised. The revised instalment plan will be sent to you together with your Notice of Assessment.

What happens once my tax assessment is finalised?

The tax instalments that you have paid will be used to offset your tax assessed. The instalments for subsequent months will be adjusted accordingly.

If the total amount paid exceeds the actual tax assessed, any excess payment will be refunded to you. There is no need for you to make a claim for refund.

Can I change the provisional tax amount if I estimate my Income Tax to be different from last year?
Yes, you can call us to make the change. To enjoy a maximum of 12 monthly instalments, please contact us by 10 Mar to provide your estimated tax payable for the year. You may use the Income Tax Calculator to estimate your tax payable. Your first monthly provisional deduction will commence in May of the year. Please call 1800 356 8300 or email us.

When is the monthly GIRO deduction made?
The deduction from your bank account will be made on the 6th of each month. Where a deduction date falls on a weekend or public holiday, the deduction will be made the next working day. The deduction will be reflected under the transaction code "ITX" in your bank statement or passbook.Alternatively, you can log in to myTax Portal  and click 'View Account Summary' to check if the GIRO deduction is posted to your Income Tax account.

What happens if I default on one GIRO deduction?
If the deduction is not successful, we will attempt to deduct the amount again on the 20th of the same month. If the second attempt is also not successful, the instalment amount will be deducted together with the following month's instalment. For example, if the instalment is $100 per month and the GIRO deductions are not successful on the 6th and 20th of June, we will attempt to deduct $200 ($100 for June and $100 for July) in July.

The GIRO plan will be cancelled if the deduction is not successful for two consecutive months. Once it is cancelled, you will need to pay all overdue tax immediately.  Hence please ensure there are sufficient funds in your bank account before the deduction date. No reminders will be sent for unsuccessful deductions. Some banks may impose a service charge for unsuccessful deductions.

Can I request to change the GIRO deduction date?
No, the GIRO deduction date is fixed for each billing organisation as agreed with the banks.

When do I need to submit the GIRO application?
To avoid any late payment penalties, please allow at least two weeks before the payment due date for processing. We will write to you when the GIRO application has been processed. You can view your instalment plan details by logging in to myTax Portal


 
 
Once a company's GIRO application has been approved, the amount of instalments granted for Corporate Tax liability for the current Year of Assessment is dependent upon a Company's filing of the Estimated Chargeable Income (ECI) form. No instalment arrangement will be granted for back year taxes. The GIRO payment option is only available to companies registered in Singapore.

How GIRO works?
For ECI, instalments are allowed on a contracting basis. The number of instalments granted is dependent upon when the ECI form is filed and the mode of filing. The table below summarises the number of instalments allowed: -
 
ECI filed within
No. of instalments granted based on filing mode
e-File on-line via myTax Portal *
Paper-file**
1 month from accounting year-end
10
5
2 months from accounting year-end
8
4
3 months from accounting year-end
6
3
After 3 months from accounting year-end
No instalments allowed.
 

* e-File on-line via myTax Portal:
In order to enjoy the maximum of interest-free monthly instalments, you will need to file by 26th of the month after the accounting year-end. E.g Company with accounting year-end 31 Dec will enjoy 10 interest-free instalments if it e-Files by 26 Jan.
** Paper-file:
In order to enjoy the maximum of interest-free monthly instalments, you will need to submit your ECI Form by 24th of the month after the accounting year-end. E.g. Company with accounting year-end 31 Dec will enjoy five interest-free instalments if it submits its ECI Form by 24 Jan.

What happens to my instalments when the assessment is finalised?
When your assessment is finalised and the remaining instalments have yet to be paid, a revised instalment plan will be sent to you based on your actual tax liability. However, if the assessment is finalised after the instalment plan has ended, any additional tax payable to be paid will be made in one final deduction.

When will the deduction be made?
The deductions will be made on the 6th of the month for instalments granted upon filing your ECI. The following example illustrates when the first GIRO deduction will take place.Example
Company A's financial year end is December. e-Filing of ECI is done in January and 10 instalments are granted for the tax payable ($10,000).

 
Filing Date  1st GIRO Deduction On  Deduction Amount  Subsequent deduction 
Between 1 and 13 Jan 6 Feb $1,000 Thereafter $1,000 will be deducted on the 6th of each month from Mar to Nov
Between 14 and 26 Jan 6 Mar $2,000 There is no GIRO deduction on 6 Feb. The instalment amount for Feb & Mar will be deducted together on 6 Mar. Thereafter $1,000 will be deducted on the 6th each month from Apr to Nov
 

Please note that if the deduction date falls on a weekend or public holiday, the deduction will be on the next working day. The deduction will be reflected with a transaction code "ITX" in your bank statement or passbook.

What happens if the GIRO deduction is unsuccessful?
If the deduction on the 6th is unsuccessful, we will attempt to deduct the amount again on the 20th of the same month. If both attempts for deduction are unsuccessful, the GIRO arrangement will be cancelled and you will need to pay all overdue tax immediately. Please ensure that there are sufficient funds in your bank account before the deduction dates. Some banks may impose a service charge for unsuccessful deductions.

Can I request to change the GIRO deduction date?
No, the GIRO deduction date is fixed for each billing organisation as agreed with the banks.

When do I need to submit the GIRO application?
To avoid any late payment penalties, please allow at least two weeks before the payment due date for processing. We will write to you when the GIRO application has been processed.


GIRO for Property Tax 
 


Property Tax is payable by 31 Jan. You can pay your Property Tax in one deduction or by up to 12 interest-free monthly instalments. The instalment plan is based on the tax payable and a minimum monthly deduction amount of $10. Setting a minimum amount is necessary to improve our efficiency and manage the costs of collection.

How GIRO works?
The 12-month GIRO instalment cycle normally starts in January and ends in December. However, if you join GIRO after January, the instalment deduction will commence in the month after your GIRO form is approved and end in December.

When will the deduction be made?
The deduction will be made on the 5th of each month. Where a deduction date falls on a weekend or public holiday, the deduction will be made the next working day. The deduction will be reflected with a transaction code "PTX" in your bank statement or passbook. Alternatively, you can log in to myTax Portal and click 'View Account Summary' to check if the GIRO deduction is posted to your Property Tax account.

What happens if I default on one GIRO deduction?
If the deduction is unsuccessful, we will attempt to deduct the amount again on the 21st of the same month. If the second attempt is also not successful, the instalment amount will be deducted together with the following month's instalment. For example, if the instalment is $60 per month and the GIRO deductions are not successful on the 5th and 21st of June, we will attempt to deduct $120 ($60 for June and $60 for July) in July.

The GIRO plan will be cancelled if the deduction is not successful for two consecutive months. Once it is cancelled, you will need to pay all overdue tax immediately.  Hence please ensure there are sufficient funds in your bank account before the deduction date. No reminders will be sent for unsuccessful deductions. Some banks may impose a service charge for unsuccessful deductions.

Can I request to change the GIRO deduction date?
No, the GIRO deduction date is fixed for each billing organisation as agreed with the banks. 

When do I need to submit the GIRO application?
To avoid any late payment penalties, please allow at least two weeks before the payment due date for processing. We will write to you when the GIRO application has been processed. You can view your instalment plan details by logging in to myTax Portal.


 

Goods & Services Tax is to be paid within one month after the end of your GST accounting period. If you have applied to pay the GST by GIRO, please continue to pay the GST via cash/cheque until the GIRO application is approved. The GIRO deduction will commence for the next GST accounting period after your GIRO form is approved. A lump sum deduction will be made on the deduction date.

When will the deduction be made?
The deduction will be made on the 15th day of the month after the due date for payment. No separate GIRO deduction schedule will be sent to you.

Please note that if the deduction date falls on a weekend or public holiday, the deduction will be on the next working day. The deduction will be reflected with a transaction code "GST" in your bank statement or passbook.

If the deduction is unsuccessful, there will not be a second attempt to deduct the amount. The GIRO plan will be cancelled and you will need to pay all overdue tax immediately.

Please ensure that there are sufficient funds in your bank account before the deduction date. Some banks may impose a service charge for an unsuccessful deduction.

Can I request to change the GIRO deduction date?
No, the GIRO deduction date is fixed for each billing organisation as agreed with the banks. 

When do I need to submit the GIRO application?
To avoid any late payment penalties, please submit your GIRO application two weeks before the e-Filing period starts. We will write to you when the GIRO application has been processed.




To pay via GIRO, you need to file your withholding tax return via S45 e-Services. S45 e-Services allow you to submit your withholding tax return, view your submission status, check your GIRO deduction details and check the filing status of Certification of Residence via the e-Services portal. Find out more about S45 e-Services.

When will the deduction be made?
The deduction will be made on the 25th day of the month after the due date for payment. No separate GIRO deduction schedule will be sent to you.  The amount to be deducted will be the total withholding tax submitted via e-Filing and due for payment by 15th of that month.

Please note that if the deduction date falls on a weekend or public holiday, the deduction will be on the next working day. The deduction will be reflected with a transaction code "WHT" in your bank statement or passbook.

If the deduction is unsuccessful, there will not be a second attempt to deduct the amount.  The GIRO plan will be cancelled and  you will need to pay all overdue tax immediately.
 
Please ensure that there are sufficient funds in your bank account before the deduction date. Some banks may impose a service charge for an unsuccessful deduction.

GIRO deduction is only applicable for filing via e-Services. If you have filed using a paper form, you will need to submit your payment by cheque.

Can I request to change the GIRO deduction date?
No, the GIRO deduction date is fixed for each billing organisation as agreed with the banks. 

When do I need to submit the GIRO application?
Please submit your GIRO application two weeks before you start to e-File your withholding tax return. We will write to you when the GIRO application has been processed.



To pay via GIRO, you need to subscribe to e-Stamping system to file your documents. E-Stamping is an Internet-enabled application which gives you the convenience of stamping your documents without the hassle of sending the physical documents to IRAS. Find out more about how to subscribe to e-Stampingand apply for GIRO.

How does a registered user request a change of the GIRO bank account?
Registered user will need to submit a new GIRO application form. Your existing GIRO arrangement will continue until the new application is approved. Upon approval, you will receive an email confirmation from IRAS. Please note that only documents e-Stamped from the date of the email confirmation will be deducted through the new GIRO bank account. Those documents e-Stamped before the date of the email confirmation would be deducted from the previous GIRO bank account. Please ensure that there are sufficient funds in your bank accounts for the deductions.

When will the deduction be made?
GIRO deduction for the full amount of stamp duty due will be made on the 3rd working day after the documents have been e-Stamped. 

Last Updated on 4 December 2014


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