CIT
Brunei Corporate Income Tax
Income Tax Act (Cap. 35) — MoF Brunei
ASSESSMENT YEAR —
Client & Assessment Period
Enter company details — incorporation date auto-determines applicable tax regime
1
Company Information
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Assessment Period
Gross Income
All income sources chargeable to tax — ITA Cap. 35, S.4
A
Trading / Business Income
S.4(a)BND
BND
BND 0.00
📌 If gross turnover is under BND 1,000,000, the company qualifies for MSME exemption (0% CIT) under MoF policy. Enter revenue above to check eligibility.
B
Other Income Sources
S.4(b)–(f)| Description | ITA Section | Amount (BND) | |
|---|---|---|---|
| Total Other Income | BND 0.00 | ||
Allowable Deductions
Business expenses deductible under S.25 ITA — add-backs under S.27
D
Allowable Operating Expenses
S.25 ITA| Description | ITA Ref. | Amount (BND) | Notes |
|---|---|---|---|
| Total Allowable Deductions | BND 0.00 | ||
⚠️ S.27 ITA: Non-allowable = domestic/private expenses, income tax, capital losses, excess entertainment.
E
Non-Allowable Add-Back Items
S.27 ITA| Description | ITA Ref. | Add-Back (BND) | |
|---|---|---|---|
| Total Add-Backs | BND 0.00 | ||
Capital Allowances
Machinery & Equipment (S.35) and Industrial Building (S.33) — ITA Cap. 35
F
Machinery & Equipment
S.35 ITA| Asset | Acquired | Cost | Residual | Rate % | Allowance | |
|---|---|---|---|---|---|---|
| 0.00 | ||||||
| 0.00 | ||||||
| Total Machinery & Equipment Allowance | BND 0.00 | |||||
G
Industrial Building Allowance (IBA)
S.33 ITABND
BND 0.00
BND 0.00
Loss Relief
Unabsorbed trade losses & capital allowances — S.28 ITA
H
Unabsorbed Losses Brought Forward
S.28 ITA| Year of Assessment | Trade Loss B/F (BND) | Capital Allow B/F (BND) | |
|---|---|---|---|
| Total | BND 0.00 | BND 0.00 |
Exemptions & Incentives
Income exempt from tax — S.13 ITA & Pioneer Status
I
Exempt Income
S.13 ITA| Type | Basis | Amount (BND) | |
|---|---|---|---|
| Total Exempt Income | BND 0.00 | ||
J
Pioneer / Development Incentive
BND
Tax Credits & Payments
WHT, Double Tax Relief and prior installments — S.50 ITA
K
Applicable Tax Regime
Auto-DetectedEnter incorporation date and YA on Page 1 to detect the applicable regime.
L
Tax Credits & Payments
BND
BND
BND
Summary & Final Report
Corporate Income Tax — Year of Assessment
Company
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Tax File Ref.
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Date of Incorporation
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Year of Assessment
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Financial Year
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Prepared By
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Schedule of Adjusted Income & Tax Payable
ITA Cap. 35| A. INCOME STATEMENT | |
| Revenue / Turnover | BND 0.00 |
| Less: Cost of Goods Sold | ( BND 0.00 ) |
| Gross Profit / (Loss) | BND 0.00 |
| Add: Other Income | BND 0.00 |
| Total Gross Income | BND 0.00 |
| B. ALLOWABLE DEDUCTIONS | |
| Less: Allowable Operating Expenses (S.25) | ( BND 0.00 ) |
| Add: Non-Allowable Add-Backs (S.27) | BND 0.00 |
| Net Adjusted Deductions | BND 0.00 |
| C. CAPITAL ALLOWANCES | |
| Machinery & Equipment (S.35) | ( BND 0.00 ) |
| Industrial Building Allowance (S.33) | ( BND 0.00 ) |
| Total Capital Allowances | ( BND 0.00 ) |
| Adjusted Income Before Losses | BND 0.00 |
| D. LOSS RELIEF (S.28) | |
| Trade Losses B/F | ( BND 0.00 ) |
| Unabsorbed Capital Allowances B/F | ( BND 0.00 ) |
| E. EXEMPTIONS & INCENTIVES | |
| Exempt Income (S.13) | ( BND 0.00 ) |
| Pioneer / Incentive Relief | ( BND 0.00 ) |
| CHARGEABLE INCOME | BND 0.00 |
| F. TIERED TAX COMPUTATION | |
| Tier 1: First BND 100,000 | BND 0.00 |
| Tier 2: Next BND 150,000 | BND 0.00 |
| Tier 3: Above BND 250,000 | BND 0.00 |
| Gross Tax | BND 0.00 |
| Less: WHT / DTR Credits (S.50) | ( BND 0.00 ) |
| NET TAX PAYABLE | BND 0.00 |
| G. PAYMENT RECONCILIATION | |
| Net Tax Payable | BND 0.00 |
| Less: Estimated Tax Paid | ( BND 0.00 ) |
| BALANCE TAX PAYABLE / (REFUNDABLE) | BND 0.00 |