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STARS DISCOVERY DAY AND INCOME TAX AMENDMENTS

The Revenue Division of the Ministry of Finance has continued its series of STARS Discovery Day Roadshow on 9 May 2012 at 8:30am at the Theatre Hall, Ministry of Finance Building.  The  is the second roadshow of a series of roadshows to introduce the System for Tax Administration and Revenue Services (STARS).  The guest of honour is Puan Hjh Ning-Lela binti Dato Paduka Haji Mohammad Permanent Secretary (Performance).  The roadshow was attended by company directors, accountants, auditors and tax agents.

STARS was first launched on 22 October 2011, gradually rolled-out to the tax community in stages. This system provides online access to a suite of transactions, enquiry and account management services 24 hours a day, 7 days a week. The most prominent feature of STARS is the electronic service that allows tax payers to submit their tax returns online. With the access online, the taxpayers will be able to enjoy the ease and comfort of performing their tax obligations such as filing tax returns wherever internet access is available. With this online system, the tax payers no longer have to physically come to the Revenue Division to make payment, as this can be done online.

Taxpayers are now required to file and pay for their Income Tax Returns for years of assessment 2012 onwards by a new submission date which is 30th June. Taxpayers are also required to submit and pay their estimated chargeable income within three (3) months after the end of the accounting period, as stated under Section 52A(i) of the Income Tax Act  relating to that year of assessment.

At this roadshow, the Revenue Division also shared the latest amendments to the Income Tax Act, such as the reduction of the corporate tax rate from 22% to 20% for Year of Assessment 2012. Tax incentives were also explained whereby in support of local employment, tax credits can be claimed for employing locals and sending local employees for training.

New Income Tax Form

The Revenue Division has also introduced a new Income Tax Return Form, designed to help taxpayers by providing built-in error checking, auto-calculations based on the latest tax rules as well as pre-filled fields for company particulars. Another convenient feature of online filing is that taxpayers can download the Income Tax form, complete it offline and upload it for submission.


Register with STARS

The Revenue Division invites taxpayers to register for STARS at www.stars.gov.bn as it offers greater convenience and efficiency, thus making it simpler for the tax-paying community to comply with Brunei Darussalam’s tax regulations.

Pre-requisites steps to filing your tax returns online are:
1) Directors of a company must register  personally with STARS
2) To enable access for an employee to perform tax matters on behalf of the company, the director must set up a relationship with the employee in STARS.
3) To enable access for a tax agent to perform tax matters on behalf of the company, the director must set up a relationship with their tax agency in STARS.

Helpdesk

Taxpayers who need help with filing their tax returns via STARS can visit the Revenue Division where STARS kiosks are available with the assistance of a Revenue Division representative. Taxpayers can also call the STARS helpline on + (673) 238 3933 or 2380651. These services are available daily during working hours only from 8am to 12pm and 1.30pm to 3.30pm. Additionally, taxpayers may email to This e-mail address is being protected from spambots. You need JavaScript enabled to view it . Latest information may also be obtained from the facebook and Twitter @Revenue Division

Update Company Particulars

The Revenue Division has endeavored to ensure that all companies' information in STARS are complete.  As this is a new System, Revenue Division would like to seek all taxpayers' cooperation in checking their companies' details in STARS to ensure that they are accurate and up-to-date. Taxpayers are strongly encouraged to come forth to Revenue Division and/or the Registrar of Companies to update their companies' information.

 

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