Income Tax Act · s 37B

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s 37BApplication of section 37 to non-resident director’s remuneration

(1)

Section 37 applies, in relation to the payment of any remuneration referred to in section 35(2B) by a company to any director of the company who is not resident in Brunei Darussalam as those provisions apply to any interest paid by a person to another person not known to him to be resident in Brunei Darussalam.

(2)

For the purposes of this section —

(a)

any reference in those provisions to interest shall be construed as a reference to such remuneration; and

(b)

the reference to 2.5 per cent in section 37(1) shall be construed as a reference to the rate of tax specified in section 35(2B).

C. Allowances for tax charged

Tax deducted from interest, royalties, management fees and remuneration etc.