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Tax Discount on Corporate Income Tax

​NOTICE - 02/2020

Referring to the press release issued on 21st March 2020 on the interim measures introduced by the Ministry of Finance and Economy to assist the private sector due to the recent outbreak of the COVID-19.

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Get Latest, Accurate Info Through Real-Time Web Application Platform

​March 25, 2020

With the consent 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, and in light of the COVID-19 pandemic, the Ministry of Finance and Economy (MoFE) in cooperation with the Ministry of Health and other government agencies including companies, began developing an Artificial Intelligence (AI)-based platform to create a real-time government dashboard.

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Over BND330K collected from COVID-19 Relief Fund

March 25, 2020​

Th​e Ministry of Finance and Economy received BND330,423.34 from the public as of March 24 at 5pm following the opening of the COVID-19 Relief Fund account on March 22 to enable the public and parties in the Sultanate to contribute in helping and addressing the COVID-19 outbreak.

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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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