Changes in Tax rate


http://www.mof.gov.bn/attachments/article/223/Siaran%20Akhbar%20Perubahan%20Kadar-Kadar%20Cukai%20(Eng).pdf

In this amendment there are a few changes to customs and excise rates. to be honest I never knew the different between customs duty and excise tax, I thought they come hand in hand. apparently there is a distinction.

Summary:

  • reduction of import and excise duites, to improve industry, t
  • increase price of sugary drinks
  • increase in price of plastics to promote recycling
  • increase in tax rates for mobile phones, leather and fur skin products, video games.
  • assitance for mothers in terms of disposable diapers and breast pumps.

 

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