Bn Tax Overview

---
name: bn-tax-overview
description: "Source-cited draft: tax overview for Brunei (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review."
license: "AGPL-3.0-or-later (code) / OpenAccountants Guide License v1.0 (content)"
metadata:
  source: openaccountants
  openaccountants_url: "https://www.openaccountants.com/skills/bn-tax-overview"
  jurisdiction: "BN"
  tax_year: "2025"
  last_updated: "2026-07-13"
---

# Brunei Tax Overview

## Brunei tax system at a glance

- **Brunei tax system overview** — Brunei Darussalam has no personal income tax and no VAT/GST. The principal direct tax is corporate income tax administered by the Revenue Division (Income Tax Board) of the Ministry of Finance and Economy. Brunei taxes companies on a preceding-year basis.
- **National currency** — Brunei dollar (BND), pegged 1:1 to the Singapore dollar  _(Currency Order / Currency Interchangeability Agreement)_
- **Tax authority** — Revenue Division (Income Tax Board), Ministry of Finance and Economy (MoFE)  _(Income Tax Act (Cap. 35), https://www.mofe.gov.bn/Divisions/income-tax.aspx)_
- **Basis of assessment** — Preceding-year basis; e.g. year of assessment 2025 is based on income for the accounting period ending in 2024  _(Income Tax Act (Cap. 35), https://taxsummaries.pwc.com/brunei-darussalam/corporate/tax-administration)_
- **Personal income tax** — None — Brunei imposes no tax on the personal income (employment, investment or other) of individuals, regardless of nationality or residence  _(Income Tax Act (Cap. 35), https://taxsummaries.pwc.com/brunei-darussalam/individual/taxes-on-personal-income)_
- **Headline corporate income tax rate** — 18.5% %  _(Income Tax Act (Cap. 35), https://taxsummaries.pwc.com/brunei-darussalam/corporate/taxes-on-corporate-income)_
- **Oil and gas exploration/production income tax rate** — 55% %  _(Income Tax (Petroleum) Act (Cap. 119), https://taxsummaries.pwc.com/brunei-darussalam/corporate/taxes-on-corporate-income)_
- **VAT / GST / sales tax** — None — Brunei has no value-added tax, goods and services tax or general sales tax  _(No VAT/GST statute in force, https://taxsummaries.pwc.com/brunei-darussalam/corporate/other-taxes)_
- **Capital gains tax** — No separate capital gains tax (gains of a capital nature are generally not taxed)  _(Income Tax Act (Cap. 35))_
- **Corporate income tax return deadline** — 30 June of the relevant year of assessment  _(Income Tax Act (Cap. 35), https://taxsummaries.pwc.com/brunei-darussalam/corporate/tax-administration)_
- **Corporate residence / source basis** — A company is resident if its control and management are exercised in Brunei; tax applies broadly on a territorial/Brunei-source basis ((approx — confirm))  _(Income Tax Act (Cap. 35))_

## Today's figures and who stands behind this skill

This file is an AI skill (tax rules your AI follows) from OpenAccountants, copied on 2026-07-13. Rates, thresholds and deadlines change. For the current version of this skill, its official sources and the named accountant (if any) who stands behind it, call `get_skill` with slug `bn-tax-overview` on the OpenAccountants connector (https://www.openaccountants.com/connect), or read https://www.openaccountants.com/skills/bn-tax-overview. If neither is available, confirm every figure against the official source pages cited above before relying on it.