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Briefing on New Public Rulings'
January 18th, 2018 | 14:31 PM | 1480 views
BANDAR SERI BEGAWAN
In an effort to continuously improve the business environment in the country, a briefing to promote two new public rulings that were enforced on the 1st of January 2018 was held yesterday afternoon at the Ministry of Finance Building. The briefing acts as an introduction for accountants, company tax agents and financial institutions.
The briefing was delivered by Dayang Rosline binti Haji Liman, Senior Finance Officer and Dayang Norul Adibah binti Haji Abdullah, the Finance Officer. It is one of the functions of the Ministry of Finance's Revenue Division to administer corporate income tax for companies registered under the Companies Act Chapter 39. To further facilitate the tax administration in the country, the Revenue Division has issued two new public rulings namely, 'Keeping of Books of Accounts' and 'Payment and Refund of Income Tax' as a follow-up of the four previous public rulings. Such a briefing is hoped to enhance the companies' understanding on the Income Tax Act, encourage compliance particularly on the submission of the annual income tax returns, apart from strengthening the processes of posting filling under the paying taxes indicator in the Ease of Doing Business report
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Source:
@BRUDIRECT.COM
by BruDirect.com
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