Two firms fined after failing to file income tax particulars to Ministry of Finance

National 0 minutes, 41 seconds

BANDAR SERI BEGAWAN

TWO companies were each fined yesterday after their respective directors pleaded guilty to charges of failing to file income tax particulars to the Ministry of Finance.

Kuala Belait based company SM Berjaya Sdn Bhd was fined $5,000 for failing to comply with final notices to file their tax return for the years ending in December 2010, 2011, 2012, 2013 and 2014.

Meanwhile, another Kuala Belait based company, Nasir Sdn Bhd, was fined $2,000 after admitting that they failed to comply with final notices to file returns for income accrued in, derived from or received in Brunei for the years ending in December 2013 and December 2014.

Both companies were ordered to settle the fines within their respective grace periods or the court may issue warrants for the levy of the amount by distress and sale of any property belonging to the companies.

The Brunei Times