Corporate Income Tax: Experiencing difficulties in paying your tax?

Key requirements

IRAS may consider a longer payment plan for unexpected circumstances such as substantial income loss, high medical costs or business distress. Documentary evidence may be required. Instalment arrangements are available through GIRO, with requests managed in the Apply/Manage GIRO Plan service. Ignoring a tax bill can result in a 5% late payment penalty. The page also describes a separate residential property arrangement for qualifying retirees: from 2026, all owners must be at least 65, the property must be owner-occupied, assessable income must not exceed S$39,000 and property tax must remain outstanding. Those property-specific criteria should not be mistaken for the general business hardship process.