What are dormant companies?

What is a dormant company in Singapore? what compliance needs to be done for a dormant Company?

Dormant companies are those that have no income, and that does not carry out any business for the whole financial period. These companies do not have any account transactions in a long period.

Even if dormant, they must submit income tax returns unless the company has been granted a waiver of IT return submission. It may submit its returns by either e-filing or by submitting a hard copy of IT return (Form C-S/ C).