Applying for GIRO

Your bank will transmit your application to us. We will write to you within 14 days.

Income Tax is payable one month from the date on your tax bill (Notice of Assessment).

Annual or 12-Monthly Payments

You can pay your Income 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 $20. Setting a minimum amount is necessary to improve our efficiency and manage the costs of collection.

12-Month Instalment Period

The 12-month GIRO instalment cycle normally starts in May and ends in April of the following year. However, if you join GIRO after May, the instalment deduction will commence in the month after your GIRO application is approved and end in April of the following year.

Date of Deductions

The deduction 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 with a transaction code "ITX" in your bank statement or passbook.

Alternatively, you can log in to myTax Portal and select "Account" > "View Payment Plan" > "View Plan" to check if the GIRO deduction is posted to your Income Tax account. Your GIRO payment will be posted into the tax account within three working days after the deduction date.

Unsuccessful Deductions

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.

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.

Automatic Revision of PIP

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.

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

When 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.

Request for Revision or Cancellation of PIP

You can request a revision of the provisional tax amount if you estimate your income (and tax payable) to be different from the previous year's amount. You can use the Income Tax Calculator to estimate your tax payable. Your first monthly provisional deduction will start in May of the year.

You can also request to cancel your PIP if you cease to have taxable income. To revise or cancel your PIP, please contact IRAS on 1800 356 8300 or email us. 

Submitting GIRO Application in Time

To avoid late payment penalties, please allow at least two weeks before the payment due date for us to process your GIRO application.

We will write to you when the GIRO application has been processed. You can view your payment plan details by logging in to myTax Portal.

Companies can pay Corporate Tax by interest-free instalments via GIRO. The GIRO instalment option is only available to companies registered in Singapore.

Instalment Plan Based on Estimated Chargeable Income

Once the GIRO application has been approved, the number of instalments granted to the company for the current year of assessment depends on the promptness in filing its Estimated Chargeable Income (ECI) form and the mode of filing. No instalment arrangement will be granted for back year taxes.

 Notes
1. The instalment plan is subject to a minimum monthly GIRO deduction amount of $50.
2. The first few instalments could be combined and deducted on the first GIRO deduction date, depending on the date of filing of ECI. Please see example 1 below.
3. IRAS reserves the right to vary the instalment plan for companies that file revised ECIs.

Maximising the Number of Instalments

e-Filing: To enjoy the maximum ten monthly instalments*, you should e-File ECI form by the 26th of the month after the accounting year-end. E.g. A company with accounting year-end 31 Dec enjoys ten interest-free instalments* when the company e-Files the ECI form by 26 Jan.

Paper Filing: You will be allowed up to five monthly instalments* if you paper file ECI form by the 24th of the month after the accounting year-end. E.g. A company with accounting year-end 31 Dec will be given five interest-free instalments* when the company paper files ECI form by 24 Jan.

 * The first few instalments could be combined and deducted on the first GIRO deduction date, depending on the date of filing of ECI. Please see example 1 below.

Revised Instalment Plan Based on Final Assessment

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.

When the assessment is finalised after the instalment plan has ended and additional taxes are payable, there will be one final GIRO deduction for the additional taxes.

Date of Deductions

The deduction will be made on the 6th of each month for instalments granted upon filing ECI form. 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 "ITX" in your bank statement or passbook.

Example 1: Date of First GIRO Deduction Depending on Date of Filing of ECI

Company A's financial year-end is December. e-Filing of ECI is done in January and ten instalments are granted for the tax payable ($10,000).

Unsuccessful Deductions

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 are unsuccessful, the GIRO arrangement will be cancelled and you will need to pay all overdue tax immediately. 

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

Submitting GIRO Application in Time

To avoid late payment penalties, please allow at least two weeks before the payment due date for us to process your GIRO application.

We will write to you when the GIRO application has been processed. 

Property Tax is payable by 31 Jan. 

Annual or 12-Monthly Payments

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.

12-Month Instalment Period

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 application is approved and end in December.

Date of Deductions

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 select "Account" > "View Payment Plan" > "View Plan" to check if the GIRO deduction is posted to your Property Tax account. Your GIRO payment will be posted into the tax account within three working days after the deduction date.

Unsuccessful Deductions

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.

Submitting GIRO Application in Time

To avoid late payment penalties, please allow at least two weeks before the payment due date for us to process your GIRO application.

We will write to you when the GIRO application has been processed. You can view your payment 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.

Application for GIRO

You should continue to pay GST via other payment modes 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.

Date of Deductions

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

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 "GST" in your bank statement or passbook.

Unsuccessful Deductions

When 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 there are sufficient funds in your bank account before the deduction date. Some banks may impose a service charge for unsuccessful deductions.

Submitting GIRO Application in Time

To avoid late payment penalties, please submit your GIRO application at least two weeks before e-Filing period starts.

We will write to you when the GIRO application has been processed.

To pay Withholding Tax (S45) via GIRO, you need to file your return via S45 e-Services.

S45 e-Services 

S45 e-Services allow you to:

• Submit your S45 return
• View your submission status
• Check your GIRO deduction details
• Check the filing status of Certification of Residence 

Find out more about  S45 e-Services.

Date of Deductions

Where the Withholding Tax is filed on or before the 15th day of the month on which the filing is due, the GIRO deduction will take place on the 25th of that month.  Late filers will be subject to penalties. If it is filed late, on or before the 15th day of any subsequent month, the GIRO deduction will take place on the 25th of that same month.  If it is filed late, after the 15th day of the month, the GIRO deduction will take place on the 25th of the following 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 "WHT" in your bank statement or passbook.

Unsuccessful Deductions

When 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 unsuccessful deductions.

GIRO Application Processing Time

Your application will be processed within 14 days.

We will write to you when the GIRO application has been processed.

To pay Stamp Duty via GIRO, you need to subscribe to e-Stamping system to file your documents.

e-Stamping 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-Stamping and apply for GIRO.

Date of Deductions

The deduction will be made on the 3rd working day after the documents have been e-Stamped.

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

Unsuccessful Deductions

When the GIRO deduction is unsuccessful due to insufficient funds, you may not be able to e-Stamp any document until payment for all outstanding documents is made.  

Changing GIRO Accounts

To change your GIRO bank account, you 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. Only documents e-Stamped from the date of the email confirmation will be deducted through the new GIRO bank account.

Documents e-Stamped before the date of the email confirmation would be deducted from the previous GIRO bank account.