Singapore's IRAS taps DBS for payment digitalisation

Thursday 6 August 2020 14:48 CET | News

Inland Revenue Authority of Singapore (IRAS), a government authority in charge of tax collection, has collaborated with DBS to digitalise payments.

As agreed, DBS integrated APIs into the tax authority’s operating framework to enable online payments. IRAS now offers PayNow QR as a payment option on its myTax portal. Customers can use the payment method for paying individual income tax, corporate income tax, property tax and goods and services tax.

The implementation is expected to boost tax paying convenience for individual and corporate taxpayers. The customers can use their SingPass/CorpPass to log into IRAS’ myTax portal and scan the PayNow QR code with any participating banking app to make the payment. The service will also offer real-time status updates to the tax payers.

More: Link

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: DBS, Inland Revenue Authority of Singapore, IRAS, SingPass/CorpPass, Singapore, Southeast Asia, Asia, APAC, PayNow QR, QR payments, mobile payments, APIs, MyTax portal, online payments
Categories: Payments & Commerce
Countries: Singapore
This article is part of category

Payments & Commerce