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Total tax rate for medium sized businesses Brunei 2011-2020

Published by Molly Moore, Nov 6, 2020
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

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Source

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Release date

October 2019

Region

Brunei, Asia

Survey time period

2011 to 2020

Supplementary notes

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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