Legally, a dormant company is still exist which means it remains as Taxpayer.
As defined in Law Number 28 of regarding General Rules and Procedure of Tax, Taxpayer is a person or an institution including limited liability company that has tax obligations as set by the regulation. If the company failed to submit the Tax Return, there will be fine sanction. As a comparison, in United Kingdom, Company Act stipulates a dormant company is a company which has not been carrying on any business or operation, or has not made any significant accounting transaction during the last two financial years or has not filed financial statements and annual returns during the last two financial years.
A dormant company is exempted from annual audit obligation. This exemption applies for a company which is dormant since its formation or since the end of previous financial year and the following conditions are met.
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