With the global COVID-19 outbreak, we understand that these are difficult and uncertain times that we are all facing. If you are impacted, IRAS has introduced support measures to help both businesses and individuals to ease their cash flow as well as tax guidance for taxpayers who may be affected by the COVID-19 developments. View details about our COVID-19 Support Measures and Tax Guidance.

If you are facing difficulties paying your tax, do reach out to IRAS before the payment due date and we will work out a suitable payment arrangement with you.

Do not ignore the tax bill or a demand for payment. Otherwise, a 5% late payment penalty will be imposed on the overdue tax.

For Individuals or Businesses in Financial Difficulties

IRAS 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 including:

  • High medical expenses
  • Loss of employment or substantial reduction in income
  • Business under financial distress (e.g. facing lawsuits from creditors or business closure)

Arranging for a Longer Payment Plan

If you require more time to pay for your taxes, you may appeal for a longer payment plan via the ‘Apply for Payment Plan’ digital service at mytax.iras.gov.sg. Note that instalment plans are only available if you choose to pay via GIRO.

If you have an existing GIRO arrangement

View the video below on how to customise your payment plan in 2 simple steps:

  1. Cancel existing plan
  2. Arrange new plan

You may also view the cancel and reactivate GIRO guide (PDF, 1.36MB) for the detailed steps.

Login to mytax.iras.gov.sg with your Singpass 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:

  1. Apply for GIRO (using DBS/POSB or OCBC bank) via mytax.iras.gov.sg
  2. Arrange new plan

Alternatively, you may refer to the apply for payment plan guide (PDF, 2.32MB) for the detailed steps.

Login to mytax.iras.gov.sg with your Singpass 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:

  1. Complete the hardcopy Master GIRO form (PDF, 689KB) and send it to IRAS; and
  2. Submit your payment proposal online within the same day.

IRAS will review your request and inform you of the outcome within 15 working days. You may also be asked for more information for IRAS to better understand and assess your situation.

If your payment plan is approved, you must comply with the payment plan schedule. Otherwise, IRAS will cancel the plan and take actions to recover the tax.

Financial and Other Support Services

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.

FAQs

Under what circumstances can I appeal for a longer instalment plan?

IRAS will consider granting extended instalments only if you are in financial difficulty due to the following reasons: 

For Individuals

  • Loss of job/business failure
  • Reduction in income or business cashflow
  • No steady source of income
  • High medical expenses incurred for yourself or your immediate family members

For Businesses

  • Slow collections
  • Reduction in sales
  • Increase in overheads

What should I do if I have an existing GIRO arrangement but would like to appeal for a longer payment plan?

To revise your GIRO payment plan, cancel your existing arrangement and apply for a new payment plan using the ‘Apply for Payment Plan’ digital Service. View the cancel and reactivate GIRO guide (PDF, 1.36MB) for the detailed steps.

Will I need to make full payment of the taxes after initiating the cancellation of my existing payment plan?

If you cancel your existing GIRO payment plan, you need to apply for a new payment plan immediately to avoid having to make full payment of the tax.

To ensure that you have revised your GIRO payment plan, you should see the Acknowledgement page showing your payment plan details and application status as ‘Approved’. For requests pending approval, IRAS will review your appeal and inform you of the outcome within 15 working days.

Apply for Payment Plan Acknowledgement Page