Brunei Darussalam Tax Tables 2024 - Tax Rates and Thresholds in Brunei Darussalam

This page contains the tax table information used for the calculation of tax and payroll deductions in Brunei Darussalam in 2024. These tax tables are used for the tax and payroll calculators published on iCalculator™ BN, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Brunei Darussalam or would like to add to or suggest amendments to the information herein then please contact us.

Brunei Darussalam Personal Income Tax Tables in 2024

The Income tax rates and personal allowances in Brunei Darussalam are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Brunei Darussalam Tax Calculator 2024.

Brunei Darussalam Social Security and Payroll Deduction Rates in 2024

In Brunei Darussalam, the social security and payroll deduction system is designed to provide various benefits to employees while ensuring financial stability and support for individuals and their families in different life circumstances. The system focuses on old-age security, disability support, survivor benefits, as well as sickness and maternity benefits.

Employees' Trust Fund (TAP)

The central component of social security in Brunei is the Employees' Trust Fund (TAP), into which both employers and employees make contributions. This provident fund is essential for old-age security, disability, and survivor benefits. The fund accumulates contributions from both parties, which are then used to provide financial support in various situations like retirement, disability, or the death of the fund member.

Benefits under TAP

• Old-Age Pension: This is available to individuals who have reached the age of 60 and have made continuous contributions. There's also an old-age settlement option for those with less than 35 years of continuous contributions.
• Disability Benefits: These are provided to individuals who are unable to work due to a physical or mental disability, blindness, or suffering from certain diseases, and have met the residency requirements.
• Survivor Benefits: These benefits support the next of kin or named survivors when a fund member passes away.

Sickness and Maternity Benefits

In addition to the TAP, Brunei's social security system includes provisions for sickness and maternity benefits. These benefits are primarily employer-driven and include:

• Sickness Benefit: This is available to employees who have worked for a minimum period and can provide a medical certificate from a registered practitioner.
• Maternity Benefit: Employed women are entitled to maternity benefits, which are funded by employers. This includes a certain period of paid leave and additional unpaid leave options.
• Medical Benefits: The government provides free healthcare, including outpatient and inpatient care, to residents of Brunei.

The social security system in Brunei Darussalam is a crucial part of the country's welfare structure, providing essential support to employees and their families. For businesses and individuals looking to understand the nuances of this system or for detailed information about current regulations, exploring the latest tax tools and tax tables can be beneficial. These resources offer insights into the broader framework of social security and payroll deductions within this Southeast Asian nation.

Historic Tax Tables supported for Brunei Darussalam

The following tax tables are supported by iCalculator™ BN as part of the suite of free tax tools we provide for Brunei Darussalam.