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We understand that paying taxes can be challenging during difficult times. If you are facing difficulties paying your tax, do reach out to us before the payment due date. We will work with you to come up with a suitable payment arrangement that takes into account your unique circumstances.
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)
You may be required to submit documentary evidence to support your request for a longer instalment plan.
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:
- Cancel existing plan
- 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:
- Apply for GIRO (using DBS/POSB or OCBC bank) via mytax.iras.gov.sg
- 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:
- Complete the hardcopy Master GIRO form (PDF, 689KB) and send it to IRAS; and
- Submit your payment proposal online within the same day.
- Corporate Income Tax and PIC Recovery
- Goods and Services Tax
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?
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.
