Taxes and cheque-transition timetable
Other Taxes in this FAQ means trust, unit trust, private lottery, and betting/sweepstakes taxes. In the source’s transition timetable, corporate, GST, individual and property-tax cheque refunds had already ended; remaining taxes move progressively away from cheques from September 2025, fully ending by December 2025. IRAS says it cannot issue cheques from 1 January 2026 in line with MAS’s corporate-cheque sunset. FAST and telegraphic transfer replace these refunds.
Notice and local-bank route
Once cheque refunds are removed, available refund credit triggers a refund notice. A taxpayer with a local bank account follows that notice’s instructions and contacts IRAS if assistance is needed. FAST refunds have no charges. This FAQ does not ask every recipient to submit an overseas-account form merely because a notice is issued.
Foreign currency or overseas account
A Singapore account maintained in foreign currency, such as USD, can receive a telegraphic transfer. A taxpayer without a Singapore account can likewise request payment to an overseas account. Both use the request form under Tax Refunds via Telegraphic Transfer at https://go.gov.sg/iras-refund-s-tt. The taxpayer bears all bank charges and exchange-rate-related costs; overseas or foreign-currency payment is not the free FAST route.
No electronic mode and interest
IRAS does not owe late-refund interest where a refund cannot be received because the recipient has no available electronic mode. The FAQ’s scope and 2025–2026 transition dates should accompany this explanation rather than being treated as a general promise about every tax refund.
Official source
This article independently explains the substantive contents of the official PDF, including the relevant conditions, procedures and annexes. The linked document remains the authoritative source for its original wording, and later changes should be checked separately.
Read the official PDF ↗