Payroll Compliance Updates - Brunei
A. Update

The Ministry of Finance and Economy (MoFE) Brunei has announced the approval of interim measures to support certain private sectors in addressing the challenges arising from the spread of COVID-19 in the country.

A six-month deferment on Tabung Amanah Pekeraj (TAP) and Supplemental Contributory Pension (SCP) contributions is provided to private sector employees earning BND 1,500 and below in all sectors of the Micro, Small and Medium Enterprises (MSMEs) category with employees fewer than 100.

The interim measures will commence from April 01, 2020 and continue for six months. The date for this update shall be communicated later.

B. Statutory Compliance Release Date: March 22, 2020
C. Effective Date: April 01, 2020 to September 30, 2020

Disclaimer: The information provided on this website does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this site are for general informational purposes only. Readers or browsers of this website should contact their attorney to obtain advice with respect to any particular legal matter. Your individual attorney can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation.