I would like to know if there are any credit cards that we can charge our yearly personal income tax to and gain credit card rebates or credit card points? This can be significant cost savings over a period of 30 years.
First of all, give yourself a pat on the back for contributing to Singapore’s continued development.
When you receive your Notice of Assessment (NOA) from IRAS – which is your tax bill – check to see there are discrepancies, and if so, file an objection with IRAS.
Once everything is in order, you can pay your tax bill by a variety of methods, including:
– One-time or 12-month interest-free GIRO deductions
– Credit cards
– Internet banking bill payment/fund transfer
– AXS, SAM, ATM (DBS/POSB or OCBC only) machines
– NETS at any Singapore Post branch
While there are many credit cards can be used for income tax payments, these cards typically have specific exclude tax payments from earning card rewards such as cashback, miles or points.
If you do want to earn cashback, miles or points on your credit card payment to IRAS, consider using a service like CardUp. For a small fee, CardUp allows any credit card to be used for your tax payments conveniently online, while allowing you to earn perks on your favourite cards.