Tips on paying your taxes

Taxpayers can make use of schemes that benefit them

Paying taxes is an important contribution to nation building and thus, should not be seen as a chore. PHOTO: ST FILE
Gift this subscriber-only story to your friends and family

With the tax filing season ending in about a week, many of us can do more to make the task of paying our taxes, well, less taxing.

For reasons known only to them, around 40 per cent of taxpayers here still choose to settle their taxes in one lump sum instead of opting for interest-free monthly instalments that will allow them to pay up gradually over 12 months via interbank Giro.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Follow ST on LinkedIn and stay updated on the latest career news, insights and more.

A version of this article appeared in the print edition of The Sunday Times on May 24, 2020, with the headline Tips on paying your taxes. Subscribe