Borneo Bulletin

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Did you know that Brunei's Ministry of Finance and Economy just made a big splash by temporarily suspending the BND5 excise duty on certain plastic products? This means businesses can breathe a little easier while they strategize on reducing plastic use. Plus, refunds for overpayments since May 17th are on the way! It's a win-win for the environment and the economy!

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Thinking.. 🤔

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Borneo Bulletin Article

Published on 6th July 2023

Brunei's Ministry of Finance and Economy (MoFE) has temporarily suspended the BND5 per kilogram excise duty on several plastic products. This move, effective immediately, replaces the previous rate with a 5% duty on declared trade value for specific Harmonized Code System categories. The MoFE aims to alleviate the impa...

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