Telegraphic Transfer
If you are not in Singapore or only maintain an overseas bank account, IRAS may accept payment by Telegraphic Transfer (TT).
Making Payment
Please quote your Tax Reference Number or Document Reference Number (for Stamp Duty) when giving instructions to effect the fund transfer.
IRAS Bank account details are as follows:
| Tax Type | All except Stamp Duty | Stamp Duty |
|---|
| Payee: | Commissioner of Inland Revenue | Commissioner of Stamp Duties |
| Account Type: | DBS Current Account | DBS Current Account |
| Account No.: | 0010468669 | 0010468600 |
| DBS Swift Code: | DBSSSGSG | DBSSSGSG |
| DBS Bank Code: | 7171 | 7171 |
Bank's Address: | 12 Marina Boulevard
DBS Asia Central
Marina Bay Financial Centre Tower 3
Singapore 018982 | 12 Marina Boulevard
DBS Asia Central
Marina Bay Financial Centre Tower 3
Singapore 018982 |
You should remit your payment in Singapore dollars so that the amount is not affected by exchange differences and it can fully settle your tax liability.
Information Required for TT
You must indicate the Tax Reference Number/ Document Reference Number or 14-digit Payment Slip Number for the respective tax types under Beneficiary Reference/ Purpose of Payment/ Remittance Information/ Payment Details field to avoid delay in the processing and posting of the payment: eg. A1234567B Income Tax.
Processing Fee & Charges for TT
Bank processing fee and other agent bank charges are applicable when you make a Telegraphic Transfer.
To ensure that the full amount of tax payable is remitted to IRAS, please notify your bank that Telegraphic Transfer/ other agent bank charges are to be borne by the applicant and not the beneficiary.
Your remittance should include the bank charges as advised by your overseas bank and the intermediary bank in Singapore, if any. Otherwise, the amount remitted may not be sufficient to cover your tax.
Enforcement actions may be taken to recover any overdue tax.
Processing of Payment
Depending on the currency, country and the agent bank used, payment may be received by IRAS within 10 - 21 working days. Your payment will be posted into the tax account within five working days from the date of receipt, if you provide the information as indicated above.
To check your latest tax position, please log in to myTax Portal - "View Account Summary".