Roadshow highlights TAP, SCP schemes for new employers

Employees Trust Fund (TAP), through its Enforcement Unit held a two-day roadshow recently, to inform newly registered employers of their obligations regarding the TAP and Supplemental Contributory Pension (SCP) schemes.

Held at the Theatre Hall of the Ministry of Finance and Economy (MoFE), the roadshow highlighted the responsibilities of making TAP and SCP contributions, as well as registering employees who are eligible for both schemes.

Employees who are citizens and permanent residents of Brunei Darussalam are required to be registered and contribute to the TAP and SCP schemes. This includes part-time employees, contract employees, daily-paid employees and employees on probation.

The calculation of the TAP and SCP contributions were also explained, along with the types of employee salaries which include payroll, commissions, work allowances and bonuses.

An employer who fails to pay TAP and SCP contributions within the prescribed time is liable to a fine of not more than BND3,000 for the first offence, upon conviction under Section 26 of the Employee Trust Act (Chapter 167) and Section 29 of the Supplemental Pensions Trust Order 2009. For subsequent offences, the penalty is a fine of not more than BND10,000.

The session continued with a briefing on the application of TAP’s online service – e-Amanah.

Every new company registration via the Registry of Companies and Business Names (ROCBN) will be automatically registered on the online service.

Employers were informed on how to login to the web portal, registering eligible employees, updating employee and company information, making online payments for the TAP and SCP contributions, and obtaining the status for monthly contribution payments.

The main objective of e-Amanah is to provide efficient, effective and convenient services for employers, without having to visit TAP counters.

TAP is also educating the public on its schemes and services provided through various mediums, in addition to collaborating with relevant agencies to conduct monthly roadshows.