Brunei
Brunei: 4 company types, its taxes, banking and business environment.
Forming a company
Company types in Brunei
The 4 forms a founder can choose here, each with its own figures. Open one for its sources.
Doing business here
Business accounts
Providers whose own published list of countries names Brunei. A listing means a company formed here may apply, not that it will be accepted.
Not in our records No provider's country list has been read for Brunei.
EU listings
Two lists a bank checks when it opens an account for a company or its owner.
- EU high-risk third countries (AML)
- Not listed
- EU non-cooperative jurisdictions for tax purposes
- Not listedOfficial EUR-Lex, 52026XG01465, Annex I as of 2026-02-17
Official sites
The authorities’ own sites for Brunei: where to register, file and check.
Blocs and agreements
The trade arrangements Brunei belongs to, as each arrangement’s own texts state them: since when, and what each covers. What a membership means for a business is for you to judge.
- ASEAN Free Trade Area (ATIGA)
- Free trade area · since 17 May 2010
Covers goods.
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ASEAN means the Association of Southeast Asian Nations, which comprises Brunei Darussalam, the Kingdom of Cambodia, the Republic of Indonesia, Lao PDR, Malaysia, the Union of Myanmar,
- Regional Comprehensive Economic Partnership
- Free trade area · since 1 January 2022
Covers goods, services, investment.
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1 January 2022 Australia, Brunei Darussalam, Cambodia, China, Japan, Lao PDR, New Zealand, Singapore, Thailand, Viet Nam
- Comprehensive and Progressive Agreement for Trans-Pacific Partnership
- Free trade area · since 12 July 2023
Covers goods, services, investment, public procurement.
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any State or separate customs territory may accede to this Agreement, subject to such terms and conditions as may be agreed between the Parties and that State or separate customs territory.
Regional and customs arrangements only, 36 of them; bilateral trade agreements are not yet in our records.
Tax
Company tax
Tax, and what the company owes the registry each year.
- Corporate income tax
- 18.5%
- Distributions
- Not in our records
- Audit
- Not in our records
- Small-company relief
- Not in our records
- Annual obligations
- Not in our records
- Annual registry fee
- BND 50Official The registry or ministry page as of 2026-10-14
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On lodging any annual return of a company
VAT
The tax on what the company sells in Brunei, and when it must register, as the tax authority states it.
- VAT or sales tax
- None levied
The Revenue Division of the Ministry of Finance and Economy administers income tax, withholding tax and stamp duty; its list of taxes contains no VAT, GST or general sales tax, so levied is recorded as no. Customs import and excise duties exist but are not a consumption tax on domestic supplies.
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Type of Taxes Income Tax ... Stamp Duty
Tax calendar
When the main returns and payments fall due in Brunei, tax year 2026, as the tax authority states it.
- Corporate tax return
- 30 June · each year
Income Tax Return for the year of assessment, filed through the One Common Portal. Companies must also furnish an estimate of chargeable income (ECI) within three months of the accounting period end (see cit_estimated_payment).
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A company is required to file its annual Income Tax Return with the Collector of Income Tax by 30 June each year.
- Corporate tax, final payment
- 30 June · each year
Penalty of 5% if unpaid after 30 June.
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Tax on the basis of Income Tax Returns shall be paid on or before 30 June.
- Corporate tax, instalments
- 3 months after the end of the accounting period · each year
One payment on the ECI, due with the ECI return three months after the end of the accounting period of that year of assessment; it is the nearest the system comes to an advance payment. The 30 June payment then settles the balance on the return.
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Tax on the basis of Estimated Chargeable Income (ECI) shall be paid on or before the due date for furnishing ECI i.e. within three (3) months after the end of accounting period relating to that Year of Assessment.
- Personal income-tax return
- Not levied here
No personal income tax, so no individual return. The Ministry's corporate tax FAQ lists personal income among the income on which no tax is currently levied.
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Currently, NO tax is levied on: 1) Unincorporated companies – Sole proprietorship or partnerships registered as Business Names. 2) Personal income – Any earning by an individual from employment, self-employment, dividens, interest etc.
- Personal income tax, final payment
- Not levied here
No personal income tax, so no balancing payment. The Ministry's corporate tax FAQ lists personal income among the income on which no tax is currently levied.
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Currently, NO tax is levied on: 1) Unincorporated companies – Sole proprietorship or partnerships registered as Business Names. 2) Personal income – Any earning by an individual from employment, self-employment, dividens, interest etc.
- Personal income tax, instalments
- Not levied here
No personal income tax, so no advance payments. The Ministry's corporate tax FAQ lists personal income among the income on which no tax is currently levied.
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Currently, NO tax is levied on: 1) Unincorporated companies – Sole proprietorship or partnerships registered as Business Names. 2) Personal income – Any earning by an individual from employment, self-employment, dividens, interest etc.
- VAT return
- Not in our records
mofe.gov.bn/div_revenue_typesoftaxes_incometax/ inaccessible when checked
- Payroll withholding
- Not levied here
Employment income is not taxed, so employers withhold no income tax from salaries. (The withholding tax on the Ministry's pages applies to payments to non-residents, not to employees.)
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Currently, NO tax is levied on: 1) Unincorporated companies – Sole proprietorship or partnerships registered as Business Names. 2) Personal income – Any earning by an individual from employment, self-employment, dividens, interest etc.
Running the company
Running a company here
Not in our records The authorities’ pages on running a company have not been read for Brunei yet.
Economy and trade
What it exports
Goods Brunei exported, by product, as a share of its goods exports each year. Exports include goods passing through for re-export. A share describes Brunei’s own trade; it does not compare places.
| Product (HS heading) | 2022 | 2023 | 2024 | Value, 2024 |
|---|---|---|---|---|
| Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations; waste oils HS 2710 | 35.0% | 32.4% | 29.7% | US$3.4 bn |
| Petroleum gases and other gaseous hydrocarbons HS 2711 | 29.6% | 28.4% | 26.4% | US$3 bn |
| Petroleum oils and oils obtained from bituminous minerals, crude HS 2709 | 16.2% | 16.2% | 18.4% | US$2.1 bn |
| Cyclic hydrocarbons HS 2902 | 14.2% | 14.6% | 15.8% | US$1.8 bn |
| Mineral or chemical fertilisers, nitrogenous HS 3102 | 1.0% | 3.6% | 3.4% | US$395 m |
| Acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives HS 2905 | 1.3% | 1.5% | 1.7% | US$200 m |
| Cruise ships, excursion boats, ferry-boats, cargo ships, barges and similar vessels for the transport of persons or goods HS 8901 | under 0.05% | under 0.05% | 0.61% | US$70 m |
| Parts suitable for use solely or principally with the engines of heading 8407 or 8408 HS 8409 | under 0.05% | under 0.05% | 0.36% | US$42 m |
| Light-vessels, fire-floats, dredgers, floating cranes, and other vessels the navigability of which is subsidiary to their main function; floating docks; floating or submersible drilling or production platforms HS 8905 | under 0.05% | under 0.05% | 0.32% | US$37 m |
| Parts of goods of heading 8801, 8802 or 8806 HS 8807 | under 0.05% | 0.22% | 0.27% | US$31 m |
Total goods exports, 2024: US$11.5 bn. The ten largest headings are shown.