JavaScript Required

The P4H website is designed to perform best with Javascript enabled. Please enable it in your browser. If you need help with this, check out https://www.enable-javascript.com/

Brunei provides interim measures to assist the private sector affected by COVID-19 - P4H Network

Brunei provides interim measures to assist the private sector affected by COVID-19

Brunei provides 7 interim measures to support private sectors affected by the COVID pandemic, starting from the 1st August 2021 to 31st December 2021 as follows:

First: Defer the contributions of the Employees Trust Fund  (Tabung Amanah Pekerja: TAP) (5%) and Supplemental Contributory Pensions (SCP) (3.5%) for local workers who earn less than $1,500 per month and work in Micro, Small and Medium Enterprise (MSMEs) with total number of employees not exceeding 100 employees.

Second: Provide a salary payment subsidy of 25 percent to local workers in MSMEs which have employees not exceeding 100 people

Third: The government will fund SCP Contributions to the self-employed.

Fourth: Provide at least 30% discount on rental rates on government buildings to MSMEs according to the affected sectors

Fifth: A tax discount of 50% on corporate income tax for the year of assessment 2022 to the affected sectors.

Sixth: 20% reduction on water and electricity bills for affected companies within the affected sectors.

Seventh: Temporary exemption of customs duty and excise duty for personal hygiene products.

To read more, click.

Source: Ministry of Finance and Economy, Brunei Darussalam. 

Photo by Thanapipat Kulmuangdoan

Reference
12 Aug 2021