Local Companies Fined For Failure To Submit Income Tax Returns
23 November 2022
In the months of September and October 2022, three (3) local companies were ordered to settle fines at the Magistrate’s Court for failing to comply with Section 52(1) of Income Tax Act (Section 35), which is failing to submit Income Tax Returns for the relevant Financial Years
Padah Gagal Patuhi Akta Kawalan Harga, Penggal 142 - 9 Kompaun dan 6 Notis Amaran dikeluarkan JPES di penghujung Oktober 2022
09 November 2022
Jabatan Perancangan Ekonomi dan Statistik (JPES) di Kementerian Kewangan dan Ekonomi telah mengeluarkan sembilan kompaun dan enam notis amaran kepada beberapa syarikat perniagaan kerana melanggar Akta Kawalan Harga, Penggal 142 dan Peraturan-Peraturan di bawahnya.
CCBD held a briefing session on the Competition Order with MPABD
08 November 2022
Bid rigging is one of the most harmful types of anti-competitive conduct. Tenderers must prepare and submit their bids independently and refrain from participating in any discussion or coordination on the bids with their competitors. This collusive practice is strictly prohibited under the Compeition Order, 2015. Any form of collusive behavior can have an adverse effect on a country’s economy and government expenditure. Hence, it is important for the procurement agencies to take preventative measures to reduce the risks of bid rigging. This was highlighted by the Competition Commission of Brunei Darussalam (CCBD) through its Executive Secretariat during a dialogue session with officials from the Maritime and Port Authority Brunei Darussalam (MPABD) in particular, its Internal and Quotation Committee, Asset Management Division and Finance division.