Basic Tax Filing Training

Aims

– Develop a general understanding of the Brunei Corporate Income Tax system, prevailing tax rates, determination of income, deductible expenses, tax credits, tax exemptions and qualifying capital expenditure
– Understand the tax filing process, including deadlines and required documentation requirements
– Understand the consequences of non-compliance, including penalties
– Understand other taxes in Brunei including Withholding
– Be able to navigate through a simple income tax computation and determine tax payable

Training Outline

Part 1 – Understanding the basic concepts
– Introduction to Tax
– Introduction to Brunei Income Tax
– Corporate Income Tax
– Ascertainment of Income

Part 2 – Ascertainment of Taxable Income
– Capital Allowance
– Tax Losses
– Tax Credit
– Tax Exemption
– Tax Filing Obligation

Part 3 – Other Taxes, Public Rulings, DTAs
– Withholding Tax
– Public Ruling
– Other Forms of Taxes
– Avoidance of Double Taxation Agreement (DTA)
– Income Tax Case Study

Training content may be subject to changes.

Who should attend

– Accounting & Finance Professionals
– Business owners & Enterpreneurs
– Accounting Students
– Anyone looking to enhance their knowledge of tax filing

Participants are expected to have a basic understanding of accounting principles.

BND250/Pax (for BICPA members)

BND350/Pax (for non-BICPA members)