Borneo Bulletin

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Did you know that in Brunei, employers can face hefty fines for not registering employees in the National Retirement Scheme? The first offence can cost up to BND3,000! It's like a game of compliance where the stakes are high, and every worker counts!

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Borneo Bulletin Article

Published on 31st May 2024

An operation conducted by the Employees Trust Fund (TAP) in Brunei's Sunway Centre area uncovered nine local workers without National Retirement Scheme (SPK) accounts. TAP stressed the importance of employers registering employees with SPK and contributing to their retirement funds. Penalties for non-compliance include...

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