• What is the definition of a Dormant Company?

  The company is considered as dormant as long as the company meets all the criteria below. Dormant company according to IRAS A company that does not have any revenue or income during a given financial period is considered Dormant by IRAS even though it may have booked or incurred expenses. Dormant company according to ACRA ACRA defines a company as dormant during a period in which no accounting transaction occurs. Transactions that will not affect the dormant status of theFew readers

• What needs to be prepared to meet the statutory requirements from ACRA & IRAS

  The following needs to be prepared:Few readers

• What are the Annual Compliance Obligations to ACRA & IRAS

  • Estimated Chargeable Income (ECI) – within 3 months from finanical year end • Annual General Meeting (AGM) – by the 6th month from finanical year end • Submission of Annual Return (AR) – by the 7th month from finanical year end • Corporate Income Tax Return (Form C-S/ C) – by 30th November of the preceding yearFew readers