Income Tax (Petroleum) Act · 2022 Revised Edition · Part · Assessments
23. Collector to make assessment
Official textFrom Attorney General's Chambers, unchanged
The Collector shall proceed to assess every company chargeable with tax as soon as may be after the expiration of the time allowed to such company for the delivery of the return provided for in section 19 or such further particulars thereof as may be required by section 20.
Collector
“Collector” means the Collector of Income Tax appointed under section 3 and includes for all purposes of this Act, except the powers conferred on the Collector by sections 38, 39 and 42, a Deputy Collector so appointed;
Where a company has delivered a return, the Collector may —
company
“company” means a company incorporated or registered in Brunei Darussalam under the Companies Act or under any law in force elsewhere, but does not include the company acting as a State Party in a petroleum mining Agreement in accordance with the Petroleum Mining Act;
accept the return or call for further returns in the manner set out in section 20, and make an assessment accordingly; or
refuse to accept the return and, to the best of his judgment, determine the amount of the chargeable income of the company and make an assessment accordingly.
Where a company has not delivered a return and the Collector is of the opinion that such company is liable to pay tax, he may, according to the best of his judgment, determine the amount of the chargeable income of such company and make an assessment accordingly, but such assessment shall not affect any liability otherwise incurred by such company by reason of its failure or neglect to deliver a return.
Terms defined in s 2
Collector
Defined · s 2“Collector” means the Collector of Income Tax appointed under section 3 and includes for all purposes of this Act, except the powers conferred on the Collector by sections 38, 39 and 42, a Deputy Collector so appointed;
company
Defined · s 2“company” means a company incorporated or registered in Brunei Darussalam under the Companies Act or under any law in force elsewhere, but does not include the company acting as a State Party in a petroleum mining Agreement in accordance with the Petroleum Mining Act;
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Appeals
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Collection, Recovery and Repayment of Tax
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Offences and Penalties
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