36. Deduction of tax from dividends of companies

Every company which is resident in Brunei Darussalam shall be entitled to deduct from the amount of any dividend paid to any shareholder, tax at the rate paid or payable by the company, double taxation

Every such company shall, upon payment of a dividend, whether tax is deducted therefrom or not, furnish each shareholder with a certificate setting forth the amount of the dividend paid to that shareholder and the amount of tax which the company has deducted or is entitled to deduct in respect of that dividend, and also, where the tax paid or payable by the company is affected by double taxation relief, the rate of the tax paid or payable by the company after taking double taxation relief into account.

In this section, “double taxation relief” means any credit for foreign income tax which is allowable against income tax chargeable under this Act by virtue of arrangements made under section 41, and any relief allowable under section 39 (omitted) or 40, including any credit or relief which has been taken into account in determining the net Brunei Darussalam rate application to any dividends received by the company.