Income Tax Payment Programme | Credit Cards Features

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HSBC Income Tax Payment Programme

Pay your income taxes with HSBC credit cards and discover just how rewarding it is

Now, you can turn your tax payments into exciting rewards. Simply charge your taxes to your HSBC credit card to enjoy the convenience of consolidating your payments into one account - and get rewarded for it!

You'll earn one Rewards point for every S$1 charged to your HSBC credit card, which you can use to redeem for fabulous shopping and dining rewards, or air miles from our Rewards programme.

Two payment options to suit your needs

You can enjoy the choice of either a one-time payment or monthly instalments via your HSBC credit card at your convenience.

Choose between one time payment or monthly instalments
Type of Payment options	One time payment¹	Monthly instalments²
Steps	Complete application form and submit relevant supporting documents like "Notice of Assessment". HSBC credit card account is debited and the amount is credited to your bank account. Make the necessary payment arrangement with IRAS via your preferred method of payment.	Complete and mail this application form with relevant supporting documents like "GIRO Instalment Plan". HSBC credit card account is debited monthly and the amount is credited to your GIRO account before IRAS deduction date. IRAS deducts tax amount from GIRO account monthly.

Choose between one time payment or monthly instalments
Type of Payment options	Steps
One time payment¹	Complete application form and submit relevant supporting documents like "Notice of Assessment". HSBC credit card account is debited and the amount is credited to your bank account. Make the necessary payment arrangement with IRAS via your preferred method of payment.
Monthly instalments²	Complete and mail this application form with relevant supporting documents like "GIRO Instalment Plan". HSBC credit card account is debited monthly and the amount is credited to your GIRO account before IRAS deduction date. IRAS deducts tax amount from GIRO account monthly.

¹For annual renewal, cardholders are required to resubmit application form and relevant documents every year.

²Cardholders who enrolled for monthly instalment payment will have their participation automatically renewed. For any updates to the monthly payment amount, cardholders are required to update the "Giro Instalment Plan" by submitting new application form and supporting documents.

Administrative fee
HSBC credit card type	Administrative fee (as a percentage of your tax deduction amount)
HSBC Premier MasterCard	0.5%
HSBC Visa Platinum / HSBC's Revolution	0.7%
HSBC Advance Credit Card³	0.7%
HSBC Visa Infinite	1.5%

Administrative fee
HSBC credit card type	HSBC Premier MasterCard
Administrative fee (as a percentage of your tax deduction amount)	0.5%

HSBC credit card type	HSBC Visa Platinum / HSBC's Revolution
Administrative fee (as a percentage of your tax deduction amount)	0.7%

HSBC credit card type	HSBC Advance Credit Card³
Administrative fee (as a percentage of your tax deduction amount)	0.7%

HSBC credit card type	HSBC Visa Infinite
Administrative fee (as a percentage of your tax deduction amount)	1.5%

³Please note that the tax payments through HSBC Advance Credit Card are not eligible to earn cash back.

The administrative fee will be charged upon the successful deduction of the tax amount each time and will appear as a separate charge in your credit card statement. The administrative fees will be subject to the prevailing GST.

Frequently Asked Questions

No, firstly you need to sign up for a GIRO arrangement with IRAS. Upon approval, you will receive a GIRO Instalment Plan from IRAS. Simply fill in the application form, online or download, and submit your GIRO Instalment Plan to HSBC for processing.

The debit from your HSBC credit card will be indicated on your monthly card statement with the respective description: 'ITX - Income Tax'. You can also refer to your updated bank account passbook/ statement on the IRAS deduction. Cardholders who enrolled for monthly instalment payment will have their participation automatically renewed.

No, after HSBC credits your specified bank account, you will need to make the necessary payment arrangement with IRAS via your preferred method of payment.

No, HSBC will only credit your bank account with the exact amount as indicated in your official documents from IRAS.

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HSBC Income Tax Payment Programme

Pay your income taxes with HSBC credit cards and discover just how rewarding it is

Two payment options to suit your needs

Frequently Asked Questions

If I choose to pay by monthly instalments, can I sign up for this payment facility if I do not have a GIRO arrangement with IRAS?

If I choose to pay by monthly instalments, how will I know whether the funds have been successfully debited from my HSBC card account and IRAS has successfully debited my GIRO account?

If I choose to pay my taxes via a one-time payment, does IRAS deduct from my specified bank account automatically?

If I opt for the one-time payment arrangement, can I request for the amount payable to be less than or more than the amount stated in my official document from IRAS?

Don't have an HSBC credit card?

HSBC Visa Platinum Credit Card

HSBC Revolution Credit Card