Income Tax Act · 2024 Revised Edition · Part · Returns
60. Returns to be made by partnership
Official textFrom Attorney General's Chambers, unchanged
Where a trade, business, profession or vocation is carried on by two or more persons jointly, the precedent partner, that is to say, the partner who, of the partners personally present in Brunei Darussalam —
is first named in the agreement of partnership;
if there be no agreement, is specified by name or initial singly or with precedence to the other partners in the usual name of the firm; or
is the precedent acting partner if the partner named with precedence is not an acting partner, shall, when required to do so by notice in writing from the Collector, make and deliver a return of the income of the partnership for any year, such income being ascertained in accordance with the provisions of this Act, and declare therein the names and addresses of the other partners in the firm together with the amount of the share of such income to which each partner was entitled for that year.
Where no partner is personally present in Brunei Darussalam, the return shall be made and delivered by the attorney, agent, manager or factor of the firm in Brunei Darussalam.
If a return in relation to the partnership for any year of assessment has not been made, the person required to make the return under subsection (1) or (2), as the case may be, shall within 3 months after the end of the accounting period relating to that year of assessment, furnish to the
year of assessment
“year of assessment” means the period of 12 months commencing on the 1st day of January 1950 and each subsequent period of 12 months.
Collector an estimate of the income from all sources of the partnership and the names and identification numbers of all the partners together with the amount of the share of the income to which each partner was entitled for that year.
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 76, 79, 80 and 83, a Deputy Collector so appointed;
Income Tax 98
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 76, 79, 80 and 83, a Deputy Collector so appointed;
year of assessment
Defined · s 2“year of assessment” means the period of 12 months commencing on the 1st day of January 1950 and each subsequent period of 12 months.
Part
Assessments
Part
Reviews and Appeals
Part
Collection, Recovery and Repayment of Tax
Part