THE Ministry of Finance (MoF) on Saturday afternoon organised a briefing on the new Import and Excise Duties at the Dewan Persidangan ICC in Kuala Belait.
The aim of the briefing was to educate the public on the import and excise duties that will be implemented from April 1 as well as answering questions.Read More
A PROVISION of $15 million has been allocated for the establishment of the Apprenticeship Programme, known as I-RDY (i-ready), to enhance the marketability and employability of young jobseekers.
This was highlighted by YB Pehin Orang Kaya Laila Setia Dato Seri Setia Awang Haji Abdul Rahman bin Haji Ibrahim, Minister at the Prime Minister’s Office and Minister of Finance II yesterday during the afternoon session of the 13th Legislative Council Meeting while detailing the budget allocation for various human capacity building schemes which are intended to prepare locals with appropriate skills and qualifications for building the nation.Read More
A national budget of B$5.3 billion for the new fiscal year was proposed by YB Pehin Orang Kaya Laila Setia Dato Seri Setia Awang Haji Abdul Rahman bin Haji Ibrahim, Minister at the Prime Minister’s Office and Minister of Finance II, on the second day of the 13th Legislative Council (LegCo) session yesterday.
The proposed government spending is a record low as dwindling energy prices weigh on Brunei’s oil and gas-based economy.Read More
These include slashing tax rates on car spare parts and tyres which will see a reduction in their retail prices and hiking tax of unhealthy food products in order to inculcate a healthier lifestyle.
To offset the new import and excise duty cuts, import tax on items such as mobile phones will be increased, which will likely to see an increase in their prices once the new tax regime is in place.Read More
THE Ministry of Finance (MoF) has announced yesterday that His Majesty Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah ibni Al-Marhum Sultan Omar ‘Ali Saifuddien Sa’adul Khairi Waddien, Sultan and Yang Di-Pertuan of Brunei Darussalam has consented for the establishment of Income Tax Board of Review.Read More