2 companies fined for tax offence

National 0 minutes, 52 seconds

BANDAR SERI BEGAWAN

TWO companies were fined after pleading guilty to not filing their annual income tax particulars to the Ministry of Finance.

During the proceedings yesterday, the court imposed a fine of $2,400 on Sri Azlina Sdn Bhd for not filing particulars for 2011, 2012 and 2013 after notices were issued.

Daggar Sdn Bhd also admitted to not submitting information for 2009, 2010, 2011, 2012 and 2013 and was fined $4,000.

According to the court document, the defendants were given 30 days to comply with final notices and submit the required information.

However, they failed to comply without a reasonable excuse to furnish a return of income and particulars form to the Revenue Section under the Ministry of Finance that is required for determining the amount of income tax a company must pay. All companies are required to submit the form under section 52 of the Income Tax Act, Chapter 35.

Failure to comply with section 52 of the Income Tax Act, Chapter 35 is an offence under section 78(1) of the Income Tax Act, Chapter 35, which carries a $10,000 fine and 12 months in prison for default of payment.

The Brunei Times