DBS: Supports IRAS in Digital Payment Implementation
- DBS is a leading financial services group in Asia with a presence in 18 markets
- The IRAS the largest revenue agency in Singapore responsible for the administration of taxes
- DBS Bank collaborating with government agencies such as the IRAS to integrate APIs into the tax authority’s operating framework to digitalise payments
- IRAS now offers PayNow QR as a payment option on its myTax portal for all major tax types, including Individual Income Tax
- With PayNow QR implemented, taxpayers can enjoy a more seamless and convenient experience when making tax payments
- DBS and IRAS have been working together over the last two years to digitalise payments across the tax authority’s various tax types
