Eight Local Companies Fined for Failing to Submit Income Tax Returns


Bandar Seri Begawan - Eight local companies have been fined by the Magistrate's Court for failing to comply with Section 52(1) of the Income Tax Act, Section 35. The companies did not submit their Income Tax Returns for the financial year ending December 31, 2019. This news was reported by Radio Television Brunei.

Among those fined, Hajma Supermarket Sendirian Berhad and B.I.P.S Sendirian Berhad were ordered to pay $5,000 each. Maimunah Holdings Sendirian Berhad, Poh Hua Curtain and Interior Designer and Home Décor Sendirian Berhad, and Core Asset Management Sendirian Berhad were fined $3,000 each. Al-Sabiya Sendirian Berhad and Bridgefields Ventures Sendirian Berhad received a fine of $2,000 each, while Encore Sendirian Berhad was fined $1,000.

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