Guidelines for Tax Relief 2021

In regards to the other conditions to the Guidelines for tax relief 2021, according to the Minister of Home Affairs, building owners with building tax arrears who wish to apply for the building tax relief, their application will only be accepted if the owner cooperates in paying the tax arrears by at least 10 percent. The application will not be considered if the arrears are not settled.

Yang Berhormat Pehin Orang Kaya Seri Kerna Dato Seri Setia Doctor Haji Awang Abu Bakar bin Haji Apong, Minister of Home Affairs stated that building owners who are granted building tax relief must pay the building tax for 2021 and 2022 before the expiry period set by the Ministry of Home Affairs. In default, the allowed tax relief will be canceled. Meanwhile building owners who are Private Limited Company and has been given a 50 percent tax discount for the Assessment Year 2022, that is tax payment for the Financial Year 2021, under the Ministry of Finance and Economy will no longer be given the building tax relief. In this regard, the Municipal Departments will conduct a study together with the Revenue Division, Ministry of Finance and Economy, in which the Ministry of Home Affairs and Municipal Department will evaluate applications to qualify building owners for the intended tax relief. Applications must be submitted to the Municipal Departments not later than 30th of April 2022. In this regard, the Ministry of Home Affairs hoped that business premises owners will be able to jointly assist in addressing the challenges following the outbreak of COVID-19 in the country, especially in reducing the rental rates for the buildings.

Source: Radio Television Brunei