Brunei Announces COVID-19 Relief Package Including 50% Tax Discount

Brunei's Ministry of Finance and Economy (MOFE) has issued a release announcing a package of relief measures for COVID-19, including:

• A deferral facility for employee trust fund (TAP) contributions (5%) and supplementary pension (SCP) contributions (3.5%) for employees earning BND 1,500 or less per month, which is available for SMEs that have 100 employees or less, with the contributions paid by the government and required to be repaid by the SMEs within one year after the end of the facili…