• How to Pay Taxes in Singapore?

    There are different ways to pay taxes depending on what you are paying tax for. Here’s how you can pay taxes for different sources of income:

    Individual Tax Paying Methods

    The most preferred way to pay individual tax is through GIRO. It offers customers the following benefits:

    • It is very convenient because you can pay your tax electronically and cashless.
    • You don’t have to wait in queues at a payment kiosk to pay your tax.
    • Once you setup GIRO as your payment mode, you will never miss any payments.
    • Opt for annual GIRO deduction and enjoy interest-free instalment payments for up to 12 months.
    • In case of tax refunds, you will receive it much faster because it will be transferred directly to your bank account.

    You can also exercise greater control over your GIRO payments through IRAS e-Services in the following ways:

    • If you wish to cancel or adjust your GIRO Plan, simply call IRAS on this number: 1800 356 8300.
    • To view your GIRO tax plan follow these steps: log into myTax Portal and click on “Account”>”View Payment Plan”.
    • To view your tax balance follow these steps: log into myTax Portal and click on “Account”>”View Account Summary”.

    How to sign-up for GIRO:

    • DBS, POSB, UOB and OCBC customers can sign-up for GIRO by filling an online application form through Internet Banking and get instant approval from your respective banks.
    • DBS and POSB customers can sign-up for GIRO by filling an online application form at AXS stations and get an instant approval.
    • DBS, POSB, UOB, OCBC, HSBC and Standard Chartered Bank customers can use fill-in the GIRO form that is sent to you with your tax bill.
    • You can fill-in the online GIRO application form available on the IRAS website.

    Electronic payment modes to pay your individual tax include:

    • Internet Banking - Individual account holders can pay their tax through the following banks: DBS, POSB, OCBC, UOB, HSBC, CIMB, BOC, Maybank, ICBC, Standard Chartered Bank, RHB and State Bank of India. Corporate account holders can pay their tax through the following banks: OCBC, UOB, HSBC and Standard Chartered Bank.
    • DBS PayLah! Mobile App (applicable to DBS customers).
    • Phone Banking - Applicable to OCBC, UOB, DBS and POSB customers.
    • Automated Teller Machines (ATM) - You can pay your property tax through DBS, POSB and OCBC ATMs.
    • AXS e-Station for internet use and AXS m-Station for mobile use.
    • AXS Station.
    • SAM Mobile or SAM Web.
    • SAM Kiosk.

    Other Payment Modes to Pay your Individual Tax include:

    • NETS payment - Only for over-the-counter payments at a Singapore Post Branch.
    • Credit Card - Several banks in Singapore offer cardholders to pay their taxes through their credit card. You will have to consult your bank to see if this option is available on your card.
    • Telegraphic Transfer - You can only use this method to pay your tax in the event that you are overseas and none of the aforementioned options are available to pay your income tax.

    Businesses Tax Payment Methods

    The most preferred mode of payment for businesses in Singapore is GIRO. You can pay your business tax in instalments. If your company is registered in Singapore, you can enjoy interest-free instalment payments for up to 10 months if you file your Estimated Chargeable Income within 3 months from your financial year-end electronically.

    Electronic payment modes to pay your tax include:

    • Internet Banking - Applicable to the following banks only: OCBC, UOB, HSBC and Standard Chartered Bank.
    • DBS PayLah! - Applicable to DBS customers.
    • Phone Banking - Applicable only to UOB customers.

    Other payment modes to pay your tax include:

    • Cash or NETS (over-the-counter) at any of the Singapore Post Branches.
    • Cheque or Cashier’s orders. Make sure to include your payment slip and your Tax Reference Number at the back of your cheque.
    • Telegraphic Transfer in case you are overseas and no other payment option is available to you.

    Property Tax Payment Methods

    The most preferred way to pay property tax is through GIRO. There are however, other payment modes as well.

    Electronic payment modes to pay your property tax include:

    • Internet banking - This service is available for the following banks: DBS, POSB, OCBC, UOB, Standard Chartered Bank, HSBC, BOC, Maybank, CIMB, ICBC, RHB and State Bank of India (Singapore). Corporate account holders can pay property tax through the following banks’ internet banking only: OCBC, HSBC, UOB and Standard Chartered Bank.
    • Phone Banking - This service is available for the following banks: DBS, POSB, OCBC and UOB. Corporate account holders can pay property tax through UOB only.
    • ATMs - Applicable to DBS, POSB and OCBC ATMs.
    • DBS PayLah - DBS customers can pay their income tax through the DBS PayLah app that can be downloaded via Google Play or App Store.
    • AXS Station - You can pay your property tax at any of the AXS self-service stations in Singapore.
    • AXS Online Platform - You can pay your property tax on the internet through AXS e-Station or on your mobile phone through AXS m-Station.
    • SAM Kiosk - You can make the payment at any Singapore Post self-service Automated Machines.
    • SAM Online Platform - You can make the payment through SAM Mobile or SAM Web.

    Other payment modes to pay your property tax include:

    • Pay via cash or NETS at any of the Singapore Post Branches, over-the-counter.
    • Pay via cheque or cashier’s order from any of the banks in Singapore. When making the cheque payment, you will need to include the payment slip along with the cheque. You will also need to write down the Tax Reference Number at the back of the cheque so that the same can be updated to your tax account.
    • Credit Cards (please check with your bank for the availability of this facility).
    • Telegraphic Transfer if no other payment option is available to you overseas.

    Other Taxes Payment Methods

    Stamp Duty:

    • Most taxpayers prefer GIRO.
    • Cash or NETS payment can be made at any of the Singapore Post Branches, over-the-counter.
    • Pay via cheque or cashier’s order from any of the banks in Singapore. (Attach the payment slip and write the Tax Reference Number at the back of the cheque).

    Withholding Tax:

    • Most taxpayers prefer GIRO.
    • Electronic payment methods include:
      • Internet Banking - Available with these banks:  DBS, POSB, OCBC, UOB, HSBC, CIMB, BOC, Maybank, ICBC, Standard Chartered Bank, RHB and State Bank of India. Individual account holders can pay through these banks only: CIMB, BOC, DBS, POSB, Maybank, ICBC, RHB and State Bank of India.
      • DBS PayLah.
      • Phone Banking - Available for POSB, DBS, UOB and OCBC customers.
      • ATMs - Available at POSB, DBS and OCBC ATMs.
      • AXS Stations.
      • AXS Online Platform.
      • SAM Kiosk and SAM Online Platform.
    • Other methods include cheque or cashier’s order and telegraphic transfer (only if you are overseas no other payment mode is applicable).

    Casino Tax:

    You can pay your Casino Tax through cheque or cashier’s order only.

    Betting and Sweepstake Duties:

    You can pay your Betting and Sweepstake Duties Tax through cheque or cashier’s order only.

    Private Lotteries Duty:

    • Cash or NETS payment can be made over-the-counter at any of the Singapore Post Branches.
    • Pay through cheque or cashier’s order from your preferred bank in Singapore. Make sure to include the payment slip and write the Tax Reference Number on the back of the cheque before submission.

    Estate Duties (Only applicable for deaths on/before 14 February 2008):

    You can pay your Estate Duties Tax through cheque or cashier’s order only.

    GST Payment Methods

    GST is payable within 1 month after the GST accounting period ends.

    Most taxpayers prefer paying GST using GIRO:

    • GIRO is a highly convenient way of paying your GST because you don’t need to keep track of any payment due dates.
    • If you choose the GIRO deduction for your GST payment, the same will be made on the 15th of the month after your due date period.

    Electronic payment modes to pay your GST include:

    • Internet banking - Applicable to DBS, POSB, UOB, OCBC, Maybank, Standard Chartered Bank, HSBC, CIMB, ICBC, BOC, State Bank of India and RHB). Individual account holders can pay their tax through these banks: CIMB, BOC, DBS, POSB, Maybank, ICBC, State Bank of India and RHB.
    • Phone Banking - Applicable to DBS, POSB, UOB and OCBC. Individual account holders can only pay their tax through these banks: DBS, POSB and OCBC.
    • ATMs - Applicable to DBS, POSB and OCBC ATMs.
    • DBS PayLah.
    • AXS Stations.
    • AXS Online Platform.
    • SAM Kiosk.
    • SAM Online Platform.

    Other Payment Modes to pay your GST include:

    • Cash or NETS payment at a Singapore Post branch.
    • Cheque or cashier’s order. Please include your payment slip with your cheque and write the Tax Reference Number behind the cheque for successful payment and acknowledgement.
    • Telegraphic Transfer in case you are overseas and no other mode of payment is available to you.
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