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Brunei Announces COVID-19 Relief Package Including 50% Tax Discount

|Approved Changes|Brunei
Brunei

Brunei's Ministry of Finance and Economy (MOFE) has issued a release announcing a package of relief measures for COVID-19, including:

  • A deferral facility for employee trust fund (TAP) contributions (5%) and supplementary pension (SCP) contributions (3.5%) for employees earning BND 1,500 or less per month, which is available for SMEs that have 100 employees or less, with the contributions paid…

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