Paying your taxes or Claiming refunds

  • You should file an objection (stating your reasons) within 30 days from the date of the income tax bill (Notice of Assessment) if you disagree with the tax assessment.
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  • Most clubs/associations pay taxes on time. There are penalties if tax is not paid on time.
  • Generally, tax credits of at least $15 are automatically refunded without the need for taxpayers to submit a claim. Refunds made via GIRO can be received as early as 7 days from the date the tax credit arises while those made via cheques may take up to 30 days. IRAS will pay interest on refunds made after 30 days from the date the tax credit arises unless the refund relates to circumstances where automatic refund of tax credits will not be made.