In line with the Ministry of Finance and Economy’s efforts to raise the level of
compliance among companies, two local companies were ordered to settle fines
after their representatives pleaded guilty at the Magistrate’s Court to failing to
comply with Section 52(1) of Income Tax Act (Section 35).
In the month of September 2021, Famous Textile Sdn Bhd was fined a sum of
BND5,000 for having failed to file Income Tax Returns for the Financial Years
ending on 31st December 2014, 2015, 2016, 2017 and 2018.
As for in the month of November 2021, Europart Automotive (B) Sdn Bhd was
fined a sum of BND3,000 for having failed to file Income Tax Returns for the
Financial Years ending 31st December 2016, 2017 and 2018.
Revenue Division, Ministry of Finance and Economy would like to remind
companies registered under the Companies Act, Cap. 39 to submit their Income
Tax Returns by 30th June of the relevant Year of Assessment. Failure to submit is
an offence under the Income Tax Act, Cap.35, which, upon conviction, is liable to a
fine of BND10,000 and in default of payment to imprisonment for 12 months.
Ministry of Finance and Economy
Negara Brunei Darussalam