Managing your tax payments can be easier with the GIRO Instalment Plan offered by the Inland Revenue Authority of Singapore (IRAS). Instead of paying a lump sum, you can spread your tax liability into smaller, manageable monthly payments. This 2025 guide explains how the GIRO scheme works, its benefits, eligibility, and the step-by-step application process.
Become Our Featured Tax Expert.
This premium ad space is reserved for one tax professional. Put your firm in the spotlight and reach qualified Singapore leads directly.
To claim this exclusive spot, contact us at [email protected].
💡 What is the GIRO Instalment Plan?
The GIRO (General Interbank Recurring Order) Instalment Plan is a payment option that allows Singapore taxpayers to pay their Income Tax, Property Tax, or GST in monthly instalments instead of a single lump sum. This payment method offers flexibility and helps you manage your cash flow more effectively.
📈 Key Benefits of Paying by Monthly GIRO
- No Interest Charges – Spreading payments comes without extra cost if you meet the conditions.
- Better Cash Flow – Avoid financial strain from one-time large payments.
- Automatic Deductions – Payments are deducted directly from your bank account.
- Continuous Enrolment – No need to re-apply every year if you maintain a clean payment record.
📝 Eligibility for GIRO Instalments
You can apply for GIRO instalments if you:
- Have a Singapore bank account with sufficient funds each month
- Are paying Income Tax, Property Tax, GST, or corporate taxes
- Submit your application before IRAS’s annual GIRO enrolment cut-off date
📅 Payment Schedule for YA 2025
For Income Tax YA 2025, the GIRO instalment plan typically allows payment over up to 12 months starting in May. The payment duration depends on when you join:
| Enrolment Month | Number of Instalments | First Deduction Date |
|---|---|---|
| March – April | 12 | May 6 |
| May – June | 10 | July 6 |
| July onwards | Remaining months till April | Following month’s 6th |
🖥 How to Apply for Monthly GIRO Instalments
- Log in to myTax Portal using your Singpass.
- Go to Payment → Apply for Payment Plan (GIRO).
- Select the tax type (Income Tax, Property Tax, GST).
- Fill in your bank details and authorise the deduction.
- Review and submit your application.
⚠️ Important Notes to Remember
- Ensure sufficient funds in your account before the deduction date to avoid late payment penalties.
- Missing two consecutive deductions may lead to cancellation of your instalment plan.
- Once approved, GIRO deductions will continue for future tax years unless cancelled.
📌 Final Thoughts
The Monthly GIRO Instalment Plan is a smart, cost-free way to spread your tax payments and avoid financial strain. By enrolling early and keeping your bank account funded, you can enjoy hassle-free payments while staying compliant with IRAS regulations.
