Income tax public rulings discussed

James Kon

Deloitte Brunei recently organised webinars to update clients on company matters relating to Income Public Rulings 5, filling of tax schedules and corporate secretarial matters.

Haji Zulfariq Zara bin Haji Zainuddin and Dayangku Hajah Siti Khadijah binti Pengiran Haji Moksin, partners at Deloitte Brunei, were the key speakers at the webinar. Over 100 individuals attended the April 28 and May 12 webinars.

The Collector of Income (CIT), its income tax public ruling, was updated late last year with regards to the Keeping of Accounts and Records for the purposes of Income Tax Filing by Companies.

The revised public ruling requires companies to maintain and submit a detailed listing of relevant business transactions with their annual income tax return for the purposes of determining taxable income.

PHOTO: JAMES KON