You can repay your tax bill in 6 or 12 months with a monthly handling fee as low as 0.12%1. No supporting documents required!

 

Example:

 
Tax Installment Amount
Tenor
Monthly Handling Fee1
Monthly Installment Amount

HK$50,000

12 months

HK$60

(= HK$50,000 x 0.12%)

HK$4,226.67

Monthly installment amount: (Installment amount HK$50,000 ÷ 12-months) + Monthly handling fee HK$60

Promotion period: 1 November 2021 to 31 January 2022

 

 

Simply settle your tax bill2 and pay by installment through internet/mobile banking!

 

Mobile Banking Tax Payment Steps:

 

 

 

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Login in BOCHK Mobile Banking
Choose "Payment" > "Bill Payment"
Merchant Name:
Choose "Government or Statutory Organisation" > "Inland Revenue Department"
 
Enter required information
Press " Agree and Continue"


You can choose Pay Now* and follow the below steps to apply for installment. You can call the designated hotline 2929 2228 to convert the tax payment into installment if you choose to set up forward payment instruction for your online tax bill.

 

Convert Tax Payment into Installment Steps:


 

 

 

 

 

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Enter the information 
Choose Pay Now* and
Press "Yes" to apply for installment
 
Select 6 or 12 month tenor for installment and tick to confirm the related important notes.
Press "Confirm"
Press “Confirm” to complete the application
*Select today as the ”Effective Date” (applicable to Monday to Friday before 3pm or Saturday before 10am).If you settle your tax bill after the cutoff time, you can select “Effective Date” as the next working day.

 

Or Call the Designated Hotline:2929 2228

Remarks:

  1. The personalized preferential monthly handling fee, final approved “Statement Installment” amount or application approval will depend on the account status. To find out more about the personalized preferential handling fee and the annualized percentage rates ("APR"), please refer to the “Online Bill Payment Installment” transaction screen or call the designated hotline 2929 2228. The personalized monthly handling fee for 6-month loan tenor is as low as 0.15% of loan amount, the fee in APR is: 3.12%. The personalized monthly handling fee for 12-month loan tenor is as low as 0.12% of loan amount, the fee in APR is: 2.68%. An APR is a reference rate which includes the basic fees and charges of this product expressed as an annualised rate, such as monthly handling fee and upfront administration fee (if any). The example is for reference only. The Company is hereby authorized to apportion the Monthly Installments between the Statement Installment Amount and Monthly Handling Fee (if any) as it shall deem appropriate.
  2. BOC Commercial Card daily maximum limit for tax payment is HK$30,000 or the available limit of cardholder’s BOC Credit Card (whichever is lower). Personal BOC Credit Card daily maximum limit for online tax payment is HK$500,000 or the available limit of cardholder’s BOC Credit Card (whichever is lower). The daily maximum limit for tax payment using Jet Payment service via a JETCO ATM is HK$20,000 or the available limit of cardholder’s BOC Credit Card (whichever is lower).

Terms and Conditions:

 

Reminder: To borrow or not to borrow? Borrow only if you can repay!