Brunei Darussalam flag Brunei Darussalam:

Presentation of Brunei : Taxation

No consumption tax.
No VAT is levied in Brunei
Company Tax :
Corporate tax: 18.5%, charged on a threshold basis as follows:
- 25% of the first BND 100,000 of assessable income is charged at 18.5%;
- 50% of the next BND 150,000 of assessable income is charged at 18.5%;
- the full amount of the remaining assessable income is charged at 18.5%
Oil and Gas companies: 55%
Withholding Taxes :
Dividends: 0%; Interests: 0% (residents)/2.5% (non-residents); Royalties: 0% (residents)/10% (non-residents).
Social Security Contributions Paid By Employers :
5% contribution to the Employees Trust Fund, plus 3.5% supplementary pension contribution.
Other Domestic Resources
System for Tax Administration and Revenue Services (STARS)
Overview of 'Brunei's tax measures in response to Covid-19
Consult Doing Business Website, to obtain a summary of the taxes and mandatory contributions.

Country Comparison For Corporate Taxation

  Brunei Darussalam East Asia & Pacific United States Germany
Number of Payments of Taxes per Year 5.0 23.4 10.6 9.0
Time Taken For Administrative Formalities (Hours) 52.5 195.1 175.0 218.0
Total Share of Taxes (% of Profit) 8.0 33.8 36.6 48.8

Source: Doing Business - Latest available data.

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Latest Update: October 2022