​18 October 2025

The Ministry of Finance and Economy (MOFE) in collaboration with the Brunei Darussalam Institute of Certified Public Accountants (BICPA) held a Briefing Session on Record Keeping (Business) Act, Chapter 249 on Saturday, 4th October 2025 which took place at the Theatre Hall, Ministry Of Finance and Economy.

The session was conducted to help entrepreneurs understand and comply with the legal provisions under the Record Keeping (Business) Act, Chapter 249. 

The breifing was delivered by YM Awang Muhamad Iq’bal bin Haji Ishak, Finance Officer at the Revenue Division, MOFE among which he explained that it is a requirement for every business entity in Brunei Darussalam to keep business records in an orderly manner for at least a period of five years. 

Also contributing to the session was YM Awang Haji Shazali bin Tan Sri Dato Haji Sulaiman, Council Member of BICPA, who emphasized on the need of bookkeeping and the benefits of preparing Financial Statements that will help business owners to make an organised financial plan, make financial decisions for the business and attract potential investors.

Prepared by: 

Revenue Division 

Ministry of Finance and Economy 

Brunei Darussalam 

Email: rkbo@mofe.gov.bn 

Reference: H/ACC/03 

Date: 12 Rabiulakhir 1447 / 04 October 2025