In light of the global COVID-19 outbreak, a series of support measures have been introduced to help businesses and individuals to ease their cash flow. During this period of uncertainty, IRAS continues to extend its assistance and provide tax certainty to taxpayers. We have set out the following tax guidance for taxpayers who may be affected by the COVID-19 developments. Visit COVID-19 Support Measures and Tax Guidance for more information.
If you are facing difficulties in paying your tax, we encourage you to reach out to us early to work out a suitable payment arrangement. Otherwise, a 5% late payment penalty will be imposed on the overdue tax.
It is important that you do not ignore the tax bill or a demand for payment.
We may
offer a suitable payment arrangement, such as a longer instalment plan, if you
are unable to pay your tax due to unexpected or extenuating circumstances such
as:
- High medical expenses
- Loss of employment or substantial reduction in income
- Business under financial distress (e.g. facing lawsuits
from creditors or business closure)
IRAS will only grant instalments by GIRO. You can appeal for a longer payment plan via the ‘Apply for Payment Plan’ e-Service at myTax Portal using your SingPass, IRAS Unique Account (IUA) or CorpPass.
If you have an existing GIRO arrangement
View the video below on how to customise your payment plan in 2 simple steps:
- Cancel existing plan
- Arrange new plan
Alternatively, you may refer to the
guide (PDF, 1.36MB) for the detailed steps.
Login to myTax Portal with your SingPass, IRAS Unique Account or CorpPass now!
If you do not have an existing GIRO
arrangement (for Individual Income Tax and Property Tax)
View the video below on how to customise your payment plan in 2 simple steps:
- Apply for GIRO (using DBS/POSB or OCBC bank) via myTax Portal
- Arrange new plan
Alternatively, you may refer to the
guide (PDF, 2.32MB) for the detailed steps.
Login to myTax Portal with your SingPass or IRAS Unique Account now!
If you do not have an existing GIRO
arrangement (for Corporate Income Tax and Goods and
Services Tax)
Customise your payment plan in 2 simple
steps:
- Complete the hardcopy Master GIRO form (PDF, 1.29MB) and send it to IRAS; and
- Submit your payment proposal online within the same day.
We will review your request and inform you of the outcome within 15 working days. Where needed, we may also ask you for more information to better understand and assess your situation.
If your payment plan is approved, you must comply with the payment plan schedule. If you fail to do so, we will cancel the plan and take actions to recover the tax.
If you require other forms of assistance specific
to your circumstances, you may wish to approach the following agencies:
For social assistance
For employment assistance
For enterprise assistance
Enterprise
Singapore provides companies with various financial and non-financial assistance
schemes.