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Getting Refunds or Tax Credits

Find out if you are eligible for tax refunds and how you may claim such refunds.

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Published by Enterprise Singapore
on 11 Oct 2019

Tax Credits

You may be eligible for tax credits if there has been:

  • Overpayment of Income Tax, Property Tax, Goods & Services Tax (GST), or Stamp Duty
  • Repayment
  • Amended assessment

To check if you have any tax credit:

  • Refer to Statement of Account sent with your Income Tax Notice of Assessment or Property Tax Bill
  • Check your account online by logging on to myTax Portal.

Automatic Refunds

  • Most tax refunds are made automatically without taxpayers having to make a claim. 
  • The Inland Revenue Authority of Singapore (IRAS) processes 90% of tax refunds within 7 days.


Circumstances Where Tax Credits Are Non-Refundable

  • Tax credit less than $15: credit will be used to offset your future tax liability
  • Advance payment made in anticipation of a tax assessment
  • Unfiled outstanding GST returns
  • Audit or investigation by the Comptroller of Tax
  • If IRAS lacks sufficient information to effect a refund to you
  • Company has been dissolved: any credit in the company’s account with IRAS will be paid over to the Insolvency and Public Trustee's Office (IPTO)
  • Overpayment as a result of Withholding Tax
  • Failure to comply with IRAS’ requests to furnish necessary information to effect the refund.

How To Claim Refunds

  • Generally, if you pay your taxes through GIRO, any refund due to you will be credited directly to the same GIRO bank account.
  • Otherwise, IRAS will refund you with a cheque.

Getting More Information

Last Modified Date: 11 Oct 2019