At Declarators, we believe in making customs processes smoother for businesses in Singapore. One essential step in streamlining payments for duties, taxes, and fees with Singapore Customs is setting up Inter-Bank GIRO (IBG). In this guide, we walk you through the IBG application process, ensuring your company can transact with Singapore Customs efficiently and without delays.
What Is Inter-Bank GIRO (IBG)?
IBG is a payment arrangement that allows direct debit of duties, taxes, and other charges from your company’s bank account to Singapore Customs. This setup helps importers, exporters, and declaring agents save time by automating payments and avoiding manual handling of cheques or cash.
Who Needs to Apply?
Any individual or entity that needs to make recurring payments to Singapore Customs should apply. This includes:
- Importers/exporters
- Declaring agents
- Logistic providers
- Bonded warehouse operators
Benefits of Using IBG with Singapore Customs
- Convenient automatic deductions
- Faster clearance for permits and declarations
- Minimised delays in tax and duty settlement
- Centralised payment method for various customs services
Step-by-Step Guide to Applying for IBG
Step 1: Download the GIRO Application Form
Visit the Singapore Customs website
https://www.customs.gov.sg/eservices/customs-forms-and-service-links/
Click on Registration Forms – 3. Application for Inter-Bank Giro
Ensure you have Adobe Reader to open and print the form properly.
Step 2: Fill in the Form
The form is divided into 3 sections:
- Part I (For Applicant to complete)
Fill in your company’s name, UEN, bank details, and contact information accurately. - Part II (For Bank to complete)
Forward the completed form to your bank for endorsement and signature. - Part III (For Singapore Customs use)
Leave this section blank.
Step 3: Submit the Form
Once endorsed by your bank, submit the completed physical form to:
Singapore Customs
Revenue & Financial Management Branch
55 Newton Road, #07-01
Revenue House
Singapore 307987
Note: Digital copies or scans are not accepted. Only original hardcopy with bank endorsement will be processed.
Step 4: Wait for Approval
Singapore Customs will typically take 3 to 4 weeks to process the application. Once approved, you will receive confirmation via mail or email.
Step 5: Link GIRO Account in TradeNet
Once approved, you can use the GIRO account for:
- Paying duties and GST via TradeNet
- Making payments for Customs permits, storage fees, or penalties
- Settling fees for Carnets, Banker’s Guarantees, and more
Make sure your declaring agent or permit system reflects the correct GIRO arrangement.
Common Mistakes to Avoid
❌ Submitting incomplete forms
❌ Missing bank endorsement
❌ Sending digital or scanned copies
❌ Using outdated forms
How Declarators Can Help
At Declarators, we go beyond just permit declaration. We assist our clients in IBG setup, ensuring your payment arrangement with Singapore Customs is seamless and accurate.
Whether you’re setting up your first IBG or need help coordinating with banks, our experienced team is ready to support you every step of the way
🌐 www.declarators.com.sg
📧 group@declarators.com
📞 +65 6385 2155
