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Can I schedule my tax payment as monthly instalments on CardUp?

CardUp Team
  • Updated

Yes, you can schedule monthly recurring income tax payments on our platform. Please note that you can only schedule one set of tax payments per tax account.

 

How to set up your monthly income tax payment

In order to get started, make sure you have an existing GIRO instalment payment plan with IRAS and do not cancel it even after setting up your payments on CardUp. Learn how you can apply for GIRO payments here.

When setting up your payment, an up-to-date copy of your Statement of Account will be required, showing your (1) Name (2) NRIC/FIN (3) Outstanding tax balance (4) Date of outstanding tax balance. A guide on where this can be obtained can be found here.

As a reminder, you will not be able to set up any tax payments from the last 4 business days of each month until after the 6th of the next month. This is to allow IRAS sufficient time to process each payment and to prevent any potential reconciliation issues.

After each payment via CardUp 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 "E-payment" on your myTax portal account. 

CardUp is not affiliated with IRAS and only acts as a payment service provider for your tax payments.

 

Information from IRAS about GIRO instalments for Income Tax payments

The writeups below are obtained from the IRAS website:

  • Ways to apply for GIRO:

    • Online GIRO Application - Instantaneous approval by Banks

      • myTax Portal - Seamless GIRO application for both Individual Income Tax and Property Tax here (currently for DBS/POSBNEW! and OCBC customers only)

      • Internet Banking (for DBS/POSB, OCBC and UOB customers)

      • AXS stations (for DBS/POSB customers)

    • GIRO Form Application - Allow for 3 weeks to process and approve

      • Complete the GIRO application form* and submit to IRAS at

        Inland Revenue Authority of Singapore
        55 Newton Road
        Revenue House
        Singapore 307987

      • Contact IRAS on 1800 356 8300 for assistance on GIRO application.

  • How GIRO works?

    • Income Tax is payable one month from the date on your tax bill (Notice of Assessment).

    • 12-Month Instalment Period

      • The 12-month GIRO instalment cycle normally starts in May and ends in April of the following year. However, if you join GIRO after May, the instalment deduction will commence in the month after your GIRO application is approved and end in April of the following year.

    • Date of deductions

      • The deduction will be made on the 6th of each month. Where a deduction date falls on a weekend or public holiday, the deduction will be made the next working day.

      • Alternatively, you can log in to myTax Portal and select "Account" > "View Payment Plan" > "View Plan" to check if the GIRO deduction is posted to your Income Tax account. Your GIRO payment will be posted into the tax account within three working days after the deduction date.

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