In partnership with Deloitte, this chapter gives an overview of Brunei Darussalam’s tax environment as it applies to businesses and investors. It also features a tax viewpoint from Pengiran Moksin, President, Brunei Darussalam Institute of Certified Public Accountants, and Partner, Deloitte, on the tax environment.
Having already drastically reduced mortality rates and increased life expectancy by tackling the problem of communicable diseases and instituting nationwide universal health services, the Sultanate is now shifting its efforts towards combating non-communicable diseases such as diabetes, heart disease and cancer. Although Brunei Darussalam’s substantial hydrocarbons exports and relatively small...
The Ministry of Education’s plan for the 2012-17 period includes three focus areas: teaching and learning excellence; professionalism and accountability; and efficiency and innovation, all bolstered by 14 strategic objectives and 18 key performance indicators. Complementing the transformation of its basic education system is an equally ambitious overhaul of tertiary institutions designed to...
Home to unspoiled jungle habitats, unique and rich cultural heritage, and miles of pristine sand beaches, all of which is supported by modern and efficient infrastructure, Brunei Darussalam has all the makings of an attractive holiday destination. Already a leading segment within the tourism sector as a whole, the cruise ship industry provides the Sultanate with perhaps its greatest single...
The 2014/15 budget allocated $92.9m, out of a total of $902.4m, for the industry and trade sector under the 10th National Development Plan. Much of the current manufacturing sector is built around downstream energy applications, such as petrochemicals, although the country continues to encourage growth in other light industry and knowledge-based segments, including ICT and niche halal products...
The drive for economic diversification has led to significant expenditure on infrastructure in areas such as industrial parks, irrigation works, telecoms and the national transport network. Public spending dominates the construction sector, and around 80-90% of works are carried out by the state. Increased government expenditure will ensure that public projects continue to drive growth,...
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