Brunei, a small but prosperous nation on the island of Borneo, offers a unique experience for those looking to relocate. Known for its wealth, safety, and tax-free income, Brunei attracts expatriates seeking career opportunities, a high standard of living, and a peaceful environment.
In this guide, we’ll walk you through everything you need to know about relocating to Brunei from a personal tax perspective, including tax residency, income tax, special tax regimes and tax return obligations.
TaxPilot recommend that you organize your affairs in good time to get ahead and make the most of favorable tax treatment while making sure you’re meeting your tax return obligations.
Brunei follows a zero taxation model. You will not pay tax on personal income sources.
if you spend at least 183 days in Brunei during the tax year.
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Tax on property and share sales
Tax on value of owned assets
Tax on assets passed to heirs
Tax to contribute to state welfare
If you receive incomes overseas while you are living in Brunei, you may find the source country, as a starting point, continues to tax the income.
Double taxation agreements may remove the source countries taxing right and thus, enable you to receive incomes tax free globally.
At present, Brunei has 18 double taxation agreements signed.
