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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.

Extended GIRO Scheme for Residential Property (Retirees)

As announced in Budget 2024, you may be eligible for an extended instalment plan of up to 24 months for the payment of property tax for your residential property, provided you meet the following criteria:

  • You are residing in the property (i.e. your property is taxed at the owner-occupier tax rates); and
  • Your assessable income does not exceed $34,000 in YA2024; and
  • All the owner(s) of the property, including yourself, are aged 65 or above in 2025; and
  • There is outstanding property tax payable for the property.

Refer to the section below on arranging for a longer payment plan for the steps on how to apply for an extended instalment plan. You will be required to declare that you meet the above criteria in your application. Please note that your extended instalment plan will be reverted to the standard instalment plan of up to Dec 2025 if you are subsequently found to not have met the above criteria.


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/Manage GIRO 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

  1. Edit your existing GIRO plan [Select “Account” > “View GIRO Plan” > Proceed (For Property Tax Accounts) > View > Edit (under GIRO Plan Option)]. Your existing GIRO arrangement will be replaced by the revised arrangement.
  2. View your new GIRO plan (Select "Account" > "View GIRO Plan").

You may also view the following guides for the detailed steps to edit your GIRO plan and view your new GIRO plan.

For individuals

For Non-Individuals

Login to mytax.iras.gov.sg with your Singpass now!

For individuals who do not have an existing GIRO arrangement for Individual Income Tax and Property Tax

  1. Apply for GIRO (using DBS/POSB, OCBC, UOB, Bank of China, Citibank, HSBC or Maybank account) via mytax.iras.gov.sg
  2. Edit your GIRO plan [Select “Account” > “View GIRO Plan” > Proceed (For Property Tax Accounts) > View > Edit (under GIRO Plan Option)].
  3. View your GIRO plan (Select "Account" > "View GIRO Plan").

You may also view the following guides for the detailed steps to apply for GIRO, edit your GIRO plan and view your GIRO plan.

Login to mytax.iras.gov.sg with your Singpass now!

For businesses who do not have an existing GIRO arrangement for Corporate Income Tax, Property Tax and Goods and Services Tax

  1. Apply for GIRO (using DBS/POSB, OCBC, UOB, Bank of China and Maybank account) via mytax.iras.gov.sg
  2. Edit your GIRO plan [(Select “Account” > “View GIRO Plan” > Proceed (For Property Tax Accounts) > View > Edit (under GIRO Plan Option)].
  3. View your GIRO plan (Select "Account" > "View GIRO Plan").

You may also view the following guides for the detailed steps to apply for GIRO, edit your GIRO plan and view your GIRO plan.

 

For other banks, customise your payment plan in 2 simple steps:

  1. Complete the hardcopy  Corporate Tax GIRO form (PDF, 3.9MB) or GST GIRO form (PDF, 1.3MB) and send it to IRAS; and
  2. 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 GIRO plan is approved, you must comply with the GIRO 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 from debtors
  • 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?

You may edit your GIRO plan using the ‘Apply/Manage GIRO Plan’ digital Service [(Select “Account” > “View GIRO Plan” > Proceed (For Property Tax Accounts) > View > Edit (under GIRO Plan Option)] and view your GIRO plan (Select "Account" > "View GIRO Plan") at myTax Portal.

You may also view the following guides for the detailed steps to edit and view your GIRO plan. 
For individuals
• “Apply/Manage GIRO Plan” guide (PDF, 1.77MB)

For Non-Individuals
• “Apply/Manage GIRO Plan” guide (PDF, 1.72MB)
• “View GIRO Plan” guide (PDF, 970KB)

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

To ensure that you have revised your GIRO 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.

GIRO Acknowledgement Page

 

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