Tax waiver for a dormant company

Updated 1 year ago by Junie Zhu

Criteria to Qualify for the Income Tax Waiver

A company:

  • must be dormant and has submitted either its Form C-S/ C, accounts and tax computations up to the date of cessation of business;
  • must not own any investments (e.g. shares, real properties, fixed deposits). If the company owns investments, it must not derive any income from these investments;
  • must have been de-registered for Goods and Services Tax (GST) purposes prior to this application if it had previously been a GST-registered company; and
  • must not have the intention to recommence business within the next 2 years
The dormant company waiver can be submitted via the IRAS website by either the company director or an appointed tax agent.

If not qualified for above Tax Waiver

A dormant company can submit its Income Tax Return by:

  • e-Filing via myTax Portal using the File Form C-S/ C for Dormant Company e-Service. To e-File the Form for Dormant Company, you must first be authorised as an "Approver" in CorpPass.
    • For assistance on CorpPass setup, please refer to this Step-by-Step Guide
    • For e-filing Form for Dormant Company on myTax Portal, please refer to this user guide

or

  • Submitting a hard copy of the Income Tax Return (Form C-S/ C). The dormant company need only complete Page 1 of Form C-S/ C and need not submit its financial statements to IRAS. However, a dormant company needs to file a management account.


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