In 2019, the total tax rate as a share of profits for medium sized businesses in Brunei did not change in comparison to the previous year. The total tax rate as a share of profits for medium sized businesses remained at eight percent. The total tax rate measures the amount of taxes and mandatory contributions payable by businesses, minus allowable deductions and exemptions, as a share of commercial profits. Taxes withheld (such as personal income tax) or collected and remitted to tax authorities (such as value-added, sales, or goods and service taxes) are excluded.
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Total tax rate as a share of profits for medium sized businesses in Brunei from 2010 to 2019
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Tax rate as share of profits
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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. (June 28, 2024). Total tax rate as a share of profits for medium sized businesses in Brunei from 2010 to 2019 [Graph]. In Statista. Retrieved September 13, 2024, 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 2010 to 2019." Chart. June 28, 2024. Statista. Accessed September 13, 2024. https://www.statista.com/statistics/731000/brunei-total-tax-rate-for-medium-sized-businesses/
World Bank. (2024). Total tax rate as a share of profits for medium sized businesses in Brunei from 2010 to 2019. Statista. Statista Inc.. Accessed: September 13, 2024. 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 2010 to 2019." Statista, Statista Inc., 28 Jun 2024, 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 2010 to 2019 Statista, https://www.statista.com/statistics/731000/brunei-total-tax-rate-for-medium-sized-businesses/ (last visited September 13, 2024)
Total tax rate as a share of profits for medium sized businesses in Brunei from 2010 to 2019 [Graph], World Bank, June 28, 2024. [Online]. Available: https://www.statista.com/statistics/731000/brunei-total-tax-rate-for-medium-sized-businesses/
