Brunei Double Tax Treaties

DeltaQuest can assist you whether you are an individual or corporate entity in setting up a Brunei trust or Brunei foundation to achieve complete and comprehensive asset protection. For more information about Brunei double tax treaties, please read the information below. Alternatively, to establish a Brunei Trust or foundation please complete our Application Form, or if you require further information please Contact Us.

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A double taxation agreement exists with the United Kingdom and provides proportionate relief from the Brunei Darussalam income tax upon any part of the income, which has been or is liable to be charged with United Kingdom income tax.

Tax credits are only available for resident companies. Unilateral relief may be obtained on income arising from Commonwealth countries that provide reciprocal relief. However, the maximum relief cannot exceed half the Brunei Darussalam rate. This relief applies to both resident and non-resident companies.

Other agreements are signed with Indonesia (2000), China (2004) and Singapore (2005). Tax credits are only available for resident companies. The Ministry of Finance lists the following purposes of Double Taxation Agreements:

- Encourage investment & trade between the two countries;

- Lessen the burden of tax on companies when operating in two countries;

- Enable Government institutions to operate in other countries without incurring tax liabilities;

- Enable the exchange of information on tax matters.

Negotiations have been completed for Treaties with Malaysia, Thailand, Pakistan, Oman and Laos. All of these treaties await signature. Further Treaties are under negotiation with Vietnam, the Philippines and Germany.

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