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).