OCBC Tax Payment Facility

Tax Payment Facility

PUT YOUR TAXES INTO INTEREST-FREE MONTHLY REPAYMENTS.

Since you’re going to pay your taxes, be it your Income Tax, Property Tax, or TV Licence Renewal Fee, why not charge it to your OCBC Credit Card and be rewarded?

Simply charge your taxes^{^} to your OCBC Credit Card and get a boost in reward points^*. So whether it’s shopping vouchers, movie tickets, or something from our rewards catalogue, you can redeem it right away.

Apply in just 3 simple steps:

Complete the application form and submit it with your supporting Assessment Notices

The tax amount is credited into your designated bank account upon approval

Settle your taxes with IRAS via your preferred mode of payment

^{^}	A one-time processing fee of 1% on the approved amount is applicable and the amount disbused to your bank account represents the approved amount after deducting the fee.
^*	Refers to OCBC$, Robinsons$ and LinkPoints. OCBC Cardmembers who have signed up for the SmartChange feature will earn SmartChange rewards in place of reward points.

Terms & Conditions

Click here for full Terms & Conditions.

Repay any of your local, overseas or online purchase of S$500 and above over monthly instalments.

This Facility is applicable to all Cards (excluding OCBC FairPrice Plus, Corporate Cards, Debit Cards and Private Label Cards) held by and in the name of the Principal Eligible Cardmembers (the “Eligible Cardmembers”) on and subject to the Terms and Conditions.

Each Eligible Cardmember is eligible to apply for this facility only to pay his/ her own personal taxes (the “Application”).

Upon OCBC Bank’s approval of the Application, whether in whole or in part, the amount approved under such Application shall be credited into a Singapore dollar denominated bank account held by the Eligible Cardmember as specified in such Application (the “specified Bank Account”).

OCBC Bank will not process the Application if there is (i) insufficient credit limit or (ii) insufficient information or documentation submitted to the bank and will not be liable for any failure or delay in the cardholder's tax payment(s) due to any of the following:

a.	Insufficient funds or credit limit in the Credit Card account;

b.	Lost/ Stolen card;

c.	Terminated account

This payment facility is valid only for the tax chargeable to Year of Assessment 2008 onwards.

Eligible Cardmembers are required to submit their relevant IRAS or MDA documents as requested by the Bank such as the “Notice of Assessment” issued by IRAS. The tax documents submitted must not be more than 2 months from the date of issue.

Eligible Cardmembers are responsible for the accuracy of bank account details and other personal information in all documents submitted to OCBC Bank.

The Approved Tax Payment Facility amount applied for to be charged thereon shall not exceed 90% of the available credit limit of the Eligible Cardmember’s Card Account less the Processing Fee (as defined below) at the date of the Application.

A non-refundable processing fee (the “Processing Fee”) of 1% on the Approved Funds Transfer Facility Amount (or other such rate as determined by the Bank at its discretion) will be charged to and debited from the Card Account specified in the Application (regardless whether the Facility is terminated at any time by yourself or OCBC Bank) for each successful Application.

10.

OCBC Bank reserves the right to reject an Application in its entirety and/or approve only part of the requested amount at its absolute discretion without assigning any reason therefor.

11.

Eligible Cardmembers are responsible to make his/her own payment to IRAS for the taxes with the funds credited to the specified Bank Account.

12.

The Bank shall not be liable to Eligible Cardmember for any loss and/or cost of damages of any kind should Eligible Cardmember fail to make payment to IRAS with the funds credited to the specified Bank Account.

13.

The Approved Funds Transfer Facility Amount shall be charged to and debited from the Card Account when the Facility is approved by the Bank.

14.

An administrative fee of S$100 or at such rate as OCBC Bank may determine may be imposed at the discretion of OCBC Bank if the Facility is terminated (whether arising from the termination of your Card Account or otherwise). The administrative fee shall be charged to and debited from the Card Account.

15.

The Bank reserves the right to withdraw, or vary the terms of the Facility at any time without notice. The Bank’s decision on all matters relating to the Facility and the Terms and Conditions shall be final and binding.

16.

The Terms & Conditions shall be governed by and construed in accordance with the laws of the Republic of Singapore.

17.

Any person who is not party to an agreement governed by the Terms & Conditions shall have no right under the Contract Rights of Third Parties Act, Cap 53B to enforce any term under the Terms and Conditions.

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