In 2020, the tax rate for medium sized businesses in Brunei was approximately eight percent of commercial profits. This was a decrease from 2011, in which the tax rate for medium sized businesses was 16.7 percent of all profits in Brunei.
Total tax rate as a share of profits for medium sized businesses in Brunei from 2011 to 2020
As per the source, the total tax rate measures the amount of taxes payable by medium-size businesses after accounting for deductions and exemptions, expressed as a share of commercial profits. The taxes withheld (such as sales or value added tax or personal income tax) but not paid by the company are excluded. The total tax rate is designed to provide a comprehensive measure of the cost of all the taxes a business bears.
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World Bank. (October 23, 2019). Total tax rate as a share of profits for medium sized businesses in Brunei from 2011 to 2020 [Graph]. In Statista. Retrieved January 21, 2022, from https://www.statista.com/statistics/731000/brunei-total-tax-rate-for-medium-sized-businesses/
World Bank. "Total tax rate as a share of profits for medium sized businesses in Brunei from 2011 to 2020." Chart. October 23, 2019. Statista. Accessed January 21, 2022. https://www.statista.com/statistics/731000/brunei-total-tax-rate-for-medium-sized-businesses/
World Bank. (2019). Total tax rate as a share of profits for medium sized businesses in Brunei from 2011 to 2020. Statista. Statista Inc.. Accessed: January 21, 2022. https://www.statista.com/statistics/731000/brunei-total-tax-rate-for-medium-sized-businesses/
World Bank. "Total Tax Rate as a Share of Profits for Medium Sized Businesses in Brunei from 2011 to 2020." Statista, Statista Inc., 23 Oct 2019, https://www.statista.com/statistics/731000/brunei-total-tax-rate-for-medium-sized-businesses/
World Bank, Total tax rate as a share of profits for medium sized businesses in Brunei from 2011 to 2020 Statista, https://www.statista.com/statistics/731000/brunei-total-tax-rate-for-medium-sized-businesses/ (last visited January 21, 2022)
