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Objectives and Functions




Objectives

  • To increase Government income collection from Income Tax and Stamp Duty; 

  • To increase voluntary compliance and minimise the cost of compliance to taxpayers; 

  • To promote an efficient, effective and modern tax system which is in line with international best practices;

  • To enhance tax administration's professionalism and efficiency through human resource development and info communication technologies;

  • To help create business and investment friendly environment through efficient and competitive tax environment;

  • To enhance treaty network on Avoidance of Double Taxation Agreement (DTA), Bilateral Investment Treaty (BIT) and Tax Information Exchange Agreement TIEA).


 

Functions

 

  • To administer the Income Tax Act (Chapter 35), the Income Tax (Petroleum) Act (Chapter 119) and the Stamp Act (Chapter 34)

  • To continuously review and strengthen the Income Tax legislations with a view to increase tax compliance and collection;

  • To process applications for Authorised Auditors' Licences in Brunei Darussalam;

  • To conduct and negotiate Avoidance of Double Taxation Agreement (DTA), Bilateral Investment Treaty (BIT) and Tax Information Exchange Agreement (TIEA).