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Voluntary National Review NBD Report 2020

15 July 2020*

Brunei Darussalam participated in the Voluntary National Review session during the United Nations High-Level Political Forum on Sustainable Development via online on Wednesday, 15 July 2020.

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Audit Department gets exposure on combating bid-rigging

​2 August 2020

Bid rigging, also known as collusive tender, is agreements between bidders to eliminate competition in the procurement process, thereby raising prices and lowering quality. It is a major risk to the integrity and effectiveness of public procurement, and deprives the public sector of genuine opportunities to achieve value for money. Procurement units and their officials are therefore encouraged to learn and execute preventive measures to combat bid rigging. 

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Postponement of the Implementation of Exit and Entry Charges Order, 2020

30 July 2020

By command of His Majesty Sultan Haji Hassanal Bolkiah Mu`izzaddin Waddaulah ibni Al-Marhum Sultan Haji Omar `Ali Saifuddien Sa`adul Khairi Waddien, Sultan and Yang Di-Pertuan of Brunei Darussalam, the Ministry of Finance and Economy hereby announces that His Majesty has consented to the postponement of the implementation of the Exit and Entry Charges Order, 2020 from Saturday, 1st August 2020 to Thursday, 1st October 2020. 

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ARTICLES

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Vendor Clinic Remains Open to Address Issue of Late Payments

The Vendor Clinic introduced by the Treasury Department, Ministry of Finance since 25th April 2016 is still operational and open to vendors who wish to find out about the payment process or making inquiries and complaints about delayed payments for the supply and service provision to the Government.

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Ministry Of Finance Income Tax Board of Review

In February 2017, the Income Tax Board of Review (ITBOR) was established under the Income Tax Act, Chapter 35. The ITBOR has been formed specifically to serve the interest of Companies that are subjected to corporate tax under the Companies Act with the aim to facilitate the administration and operation of taxation in Brunei Darussalam.

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World Class Refinery and Integrated Petrochemical Complex at PMB Begins to Take Shape

BRUNEI Darussalam's conducive and pro-business environment continue to become one of the main factors that attracts foreign investors to consider setting up base in the country.

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