Instalment payments for outstanding taxes

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On 26 July 2023, the IRB issued a media release to inform taxpayers that they are eligible to apply for instalment payments for outstanding income tax and real property gains tax for prior years without a tax increase being charged from 6 June 2023 to 31 May 2024. 
    
Taxpayers may submit an application in writing to the nearest IRB branch or the branch that handles the taxpayer’s income tax file, or through the MyTax portal.  Taxpayers are not required to provide any supporting documents, provided the amounts are settled within the application period. 

Taxpayers will be given a temporary release from travel restrictions where instalment payments for outstanding taxes are made consistently and in accordance with the payment schedule set by the IRB. Failure to comply with the payment terms may result in increase in tax.

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