When is a company considered dormant?

A dormant company is one that does not carry on business and has no income for the whole of the financial period under review. Even if the company has incurred such costs as bank charges, secretarial fees, and other expenses in maintaining the office.

When do you file your annual returns?

If your company's financial year ends on 31 December 2017, the AGM must be held by 30 June 2018 (6 months after year end or not more than 15 months after the last AGM date); and the annual returns must be filed within 30 days after AGM - even if your company is considered dormant. 

Does a dormant company need to submit Form C-S?

A dormant company must still submit Form C-S to IRAS unless it has been granted waiver for submission of Form C by the IRAS. (You can download a copy of the applicantion form from IRAS website)

How to file? (Lodgement of annual return)

You should be able to use your Corp pass to log onto ACRA's BIZFILE website and do the annual filing on your own. It normally will take less than 15 minutes to answer all the questions listed there. ( You need a director/company's secretary's singpass, company registration No (UEN) and a valid credit card to to the online transaction). Do remember to MAKE PAYMENT and print a copy of receipt for reference after payment by credit card.

In case you are not sure to file on your own, I will be able to guide you on how to file the annual return. The 45-minute compliance course (ACRA annual filing and IRAS (FORM CS & ECI)) will cost you $120 (Normally at food court near MRT station) or $140 at the client's office.

So Good luck with your annual filing!

P.S.

If the company has been dormant for awhile and you do not want to carry on the business, the best is to close (strike off) your company. I am able to help you on this. Depending on the dormant date and the last tax return you have filed with IRAS, the fee can be as low as $200 (without tax issue) and upto $500 if financial unaudited financial statement must be prepared for final tax clearance.

About this website

It was first given to me free of charge when I attended an internet marketing course. After learning the SEO (Search Engine Optimization) technique, I found my webpages were ranked high in google search when you key in such terms as "annual returns singapore" ,"Form C Singapore". I started to add more pages to turn it into a marketing tool for my accounting services. Since I am a retired Chartered Accountant (Singapore) and operating from home office, I am able to quote very competitive fee for the work to be done. So help the PIONEER GENERATION in Singapore to earn some pocket money!

Call Jason Yam OR WHATSAPP ME at 65-9489 -9429 if you have any further clarification.

2018  Annual Returns Singapore Dormant Company in Singapore