Tax Paying Form BIR51/BIR52: Tax Return For Dormant Companies. Is it necessary to prepare an audited financial statement?

QandA

So you may be wondering: if your company is dormant, is it necessary to prepare an audited financial statement before filing a tax return?

Even if you are a dormant company, you still have to prepare audited financial statements in support of the return.

You do not have to do the above, however, if you are a dormant company within the terms of the Companies Ordinance.

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