Summary
- Step 1: Account Sign Up/Login
- Step 2: Create Payment
- Step 3: Select Payment Category
- Step 4: Select Income Tax
- Step 5: Fill in your Payment details
- Step 6: Document
- Step 7: Review
- Step 8: Payments Dashboard
- Step 9: Check Tax Portal
Here is how you can get started:
Step 1: Account Sign Up/Login
To schedule a tax payment on CardUp; sign up for a free CardUp account, or log in here if you are an existing user.
Step 2: Create a payment
Once you're login, click on "Create Payment"
Step 3: Select Payment Category
Schedule your payment request by selecting "Taxes" as the payment category.
Step 4: Select "Income Tax"
Click on the Income Tax toggle to set up your payment.
Step 5: Fill in your Payment details
Then, you will be directed to "Tell us more about your payment" where you need to fill in as follows:-
Payment Amount: If you're enrolled in monthly giro payments, you may notice different amounts listed on your tax statement. Please ensure you establish a series of payments following the initial monthly repayment to take advantage of the promo code (if applicable), as some promotions can only be redeemed once. Don't worry; you will have the option to adjust the payment amount after we've set it up. Additionally, the payment amount should correspond to the tax payable amount indicated on your statement. If you enter an amount that exceeds the maximum threshold, your payment will be marked as "Pending" while we review it. If you need to change the payment amount after it has been set up, please refer to this guide.
Credit card: Select the card you wish to be charged to. Do add in your card and ensure the registered billing address on the card level matches with what you have updated with your card issuer. Aside from that, do note that most of our promo codes are applicable for Singapore-issued VISA credit cards. If you happen to own VISA cards, feel free to use them to enjoy a lower processing fee for your tax payment.
Payment Plan: You have the option to speed up your payment payout as early as 1 business day (excluding Public Holidays and Weekends).
A. Standard Payment: Your payout will be done within 3 business days after your credit card has been successfully charged.
B. Next business day payment: Payout will be done on the next business days once your card is successfully charged, with an additional of 0.3% charge on top of the normal processing fee.
Repeat payment: You can set up your payment as a one-time or monthly repayment.
A. One-time payment: You do not need a GIRO for a single payment, but it is important to inform IRAS to avoid tax payment complications. If you choose "Never", you only need to provide one payment date. Note: We have limited the available due dates to avoid conflicts with IRAS notification periods.
B. Every month:
CardUp pays in advance and we advise against cancelling your GIRO arrangement. To prevent any complications, we suggest scheduling your tax payment at least 2 weeks before the deadline to avoid any notification from IRAS to your bank about the GIRO deduction. We can demonstrate how to set up your payments with CardUp if needed.
The first payment starts from May 2024 till March 2025:
Start Date: May 2024
- GIRO deduction: Meant for May tax due
- CardUp payment: Meant for June tax due
June 2024 onwards:
- Only CardUp payment (GIRO no longer experiences deduction): Meant for July 2024 tax due and so on.
End Date: March 2025
- Last payment due on CardUp for April 2025 tax due
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Note: There's no further requirement to make a tax settlement in April 2025 as everything has been paid in advance.
Note: We recommend the 12th being the best due date for each month to give IRAS sufficient time for them to reconcile the payment, but you may still select any available date as your preferred due.
- Payment reference: Your payment reference will be pre-filled with the NRIC/FIN number linked to your CardUp account and will not be editable. Therefore, you will not be allowed to make tax payments on behalf of someone else.
- Promo or referral: If you have any promo or referral to be utilised, kindly key in the code in this text field. Don't miss the chance to set up your payment with a lower processing fee.
- Fee summary: It will show you the full chargeable fee based on your payment amount. But do note that if you applied a promo or referral code, the new fees will only be shown on the "Final Review Page", after you click on "Continue".
Step 6: Document
Lastly, you are also required to upload an up-to-date copy (not a screenshot) of the tax statement to help our team with payment verification. Refer here for how to get your income tax statement.
Please ensure the supporting document is either:-
- Notice of assessment (NOA) for one time-off payment OR
- GIRO monthly payment plan (NOTA) for monthly repayment
Do ensure to upload copies of your supporting document with sizes not exceeding 25MB and >10 documents.
*Kindly be advised that a provisional plan document will not be considered valid.*
Step 7: Review
You will be able to review the overall payment request (including the total fee charged after promo is applied) before proceeding with payment checkout. If all is good, you may proceed to click on "Create Payment". Note: There will be a pre-authorization charge of SGD0.50 which will be refunded back to your credit card in a few days.
Step 8: Payments Dashboard
You will be able to find all your scheduled payments reflected on CardUp homepage> specifically under the "Upcoming" tab.
Step 9: Check Tax Portal
CardUp will transfer the funds directly to IRAS on your behalf. After each payment has been completed, please allow 3-5 business days for it to be reflected in your myTax Portal account. The payment via CardUp will be shown as an "E-payment" on your myTax portal account.
Related article(s)
- How to download your income tax statement from IRAS portal?
- Why can I only schedule a tax payment within a fixed period each month?
- How do I know my tax payment has been received?
- Do I need to notify IRAS that I’ve paid my tax via CardUp?
- Is it safe to use CardUp for my taxes?
Reference
CardUp is not affiliated with IRAS and only acts as a payment service provider for your tax payments. Please note that for larger payment amounts, the CardUp team will get in touch with you after your payment has been scheduled, as we would require additional documents for verification.
If you have further questions or face any issues with your tax payments, please contact us here.