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Tax facility masthead
  1. Credit Card Income Tax Payment Facility

Credit Card Income Tax Payment Facility

Exclusively for Beyond Credit Card and Visa Infinite Credit Card

3 simple steps to use the Tax Facility
  • Apply

    Complete the Tax Facility application form at least 7 days before your tax payable due date

  • Pay

    Arrange your tax payment to IRAS with the funds credited to your designated bank account

  • Earn

    Earn miles on the approved tax payment amount charged to your Eligible Card

Key features of the Tax Facility

Earn miles on your income tax payment amount, subject to a small processing fee (transactions related to income tax are ordinarily excluded from earning rewards)

Approved tax payment amount contributes to your Eligible card spend for ongoing card promotions

Affordable one-time processing fee of 1.90% of the approved tax payment amount

Retain the control to make the tax payment according to your timeline

Beyond SG card

BEYOND CREDIT CARD

Unparalleled earn rates – Earn up to 8 miles per S$1 spent

Annual fee of S$1,500 (excl. GST) applies
Visa Infinite Card

VISA INFINITE CREDIT CARD

Earn up to 3 miles per S$1 spent

Annual fee of S$550 (excl. GST) applies

  • The Facility is only available to cardholders of the Standard Chartered Beyond Credit Card or Standard Chartered Visa Infinite Credit Card (each an “Eligible Card”).
  • Get to earn miles (credited in the form of 360° Rewards Points) on your income tax payable amount as indicated in your latest IRAS Notice of Assessment (“NOA”) upon successful application.
  • You will receive your application outcome through SMS within 7 business days of submission. If your application is approved, the approved amount will be disbursed on the same day.
  • The approved amount will be charged to your Eligible Card, and the same amount will be credited to your designated bank account.
  • A 1.90% non-refundable processing fee of the approved amount will be charged to your Eligible Card.
  • Please arrange to pay your tax to IRAS promptly after receiving the funds.
  • Complete the online application form here and upload your latest IRAS NOA.
  • The Bank must receive your application at least 7 business days before the tax payable due date indicated on your IRAS NOA.
  • For faster processing, please ensure your Eligible Card has sufficient available credit limit for both the tax payable amount and the processing fee before submitting an application.

Please refer to the example below for further illustration:

Tax Payable as indicated on IRAS NOA S$10,000
Processing Fee (1.90%) on Tax Payable amount S$190
Minimum available credit limit required on your Eligible Card S$10,190

Unfortunately, the Bank can only process the Facility with your current year’s IRAS NOA.

Each principal and supplementary cardholders of the Eligible Cards may only apply for this Facility once per calendar year with their own IRAS NOA. Separate applications are required for principal and supplementary cardholders.

No, only the tax payable amount as indicated in your current year’s IRAS NOA will be credited to your designated bank account. Please ensure your Eligible Card has sufficient available credit limit for both the tax payable amount and the processing fee before submitting an application for the Facility.

You will be eligible to earn miles (credited in the form of 360° Rewards Points) on the approved amount according to the local currency rewards earn rate of the respective Eligible Card:

You will be notified on your application outcome through SMS within 7 business days of submission.

The approved amount will be reflected as “INCOME TAX PAYMENT”.

The processing fee will be reflected as “TAX PROCESSING FEE”.

Your application may be unsuccessful due to any of the reasons below:

  1. Application was submitted less than 7 business days before your tax payable due date;
  2. Application was submitted after your tax payable due date;
  3. Your Eligible Card has not been activated;
  4. Insufficient available credit limit to charge the tax amount and processing fees to your Eligible Card;
  5. Your Eligible Card is lost/stolen/terminated, or your bank account is invalid.

No, please arrange to pay your tax to IRAS promptly after receiving the funds.

No, the Tax Facility is a one-time payment method and only the full tax payable amount as indicated in your IRAS NOA will be approved.

Currently, the Facility only accepts applications under Personal Income Tax by IRAS. Applications for other types of taxes will be unsuccessful.

Please note that only the first application submitted will be processed. For any changes to your application, please reach out to your Relationship Manager for further assistance.

You may top up your available credit limit on your Eligible Card by making payment to your Eligible Card (as per usual credit card repayments). Please ensure that the amount topped up is sufficient for the tax payable amount and the 1.9% processing fee.

If you would like to continue spending on your Eligible Card, do also top up the required amount accordingly to ensure that both your Tax Facility and other transactions go through smoothly.

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