Investment Incentives Order, 2001 · As enacted · Part IX · International Trade Incentives
64. (1)
Official textFrom Attorney General's Chambers, unchanged
Where a company is engaged in -
company
"company" means any company incorporated or registered in accordance with the provisions of any written law relating to companies; 1307 26th.
1343
international trade in qualifying manufactured goods or Brunei
qualifying manufactured goods
"qualifying manufactured goods" means Brunei Darussalam manufactured goods in respect of which one or more certificates of origin or other documents indicating that the goods are manufactured in Brunei Darussalam have been issued by the Minister for the purpose of the export of such goods;
Darussalam domestic produce and the export sales of those goods or produce separately or in combination exceed or are expected to exceed $3 million per annum; or
{b)
entrepot trade in any qualifying commodities and the export sales of those qualifying commodities exceed or are expected to exceed
qualifying commodities
"qualifying commodities" means any commodity in respect of which one or more certificates of origin or other documents have been issued by the Minister for the purpose of the export of such commodity;
$5 million per annum, the company may apply in the prescribed form to the Minister for approval as an international trading company.
Minister
"Minister" means the Minister charged with the responsibility for industrial development;
The Minister may, if he considers it expedient in the public interest to do so, approve the application and issue the company with a certificate subject to such terms and conditions as he thinks fit.
The Minister may issue separate certificates to an international trading company for the purposes of paragraphs {a) and {b) of subsection (1).
international trading company
"international trading company" means a corilpany which has been issued with a certificate under section 64;
Every certificate issued under this section shall specify a date as the commencement day from which the company shall be entitled to tax relief under this Part.
commencement day
"commencement day", in relation to a pioneer service company, means the date specified under subsection (3) or (4) of section 18 in the certificate issued to that company under that section;
The Minister may, in his discretion upon the application of an international trading company, amend its certificate by substituting for the commencement day specified therein such earlier or later date as he thinks fit and thereupon the provisions of this Part shall have effect as if the date so substituted were the commencement day in relation to that certificate.
[6)
A company shall furnish to the Minister at the time of application to be an international trading company a statement of all its associated companies and export agents and the activities they are engaged in and such other particulars as may be required; and where there is any change in the particulars, the company shall notify the Minister as soon as possible of the change.
Tax relief period of international trjiding company.
Terms defined in this Act
Brunei Darussalam domestic produce
Defined · s 63"Brunei Darussalam domestic produce" means prawns, fish (including aquarium fish), chicken, ornamental plants and orchids produced in Brunei Darussalam and such other domestic produce as may be approved by the Minister. International trading company.
commencement day
Defined · s 17"commencement day", in relation to a pioneer service company, means the date specified under subsection (3) or (4) of section 18 in the certificate issued to that company under that section;
company
Defined · s 3"company" means any company incorporated or registered in accordance with the provisions of any written law relating to companies; 1307 26th.
international trading company
Defined · s 63"international trading company" means a corilpany which has been issued with a certificate under section 64;
Minister
Defined · s 3"Minister" means the Minister charged with the responsibility for industrial development;
qualifying commodities
Defined · s 63"qualifying commodities" means any commodity in respect of which one or more certificates of origin or other documents have been issued by the Minister for the purpose of the export of such commodity;
qualifying manufactured goods
Defined · s 63"qualifying manufactured goods" means Brunei Darussalam manufactured goods in respect of which one or more certificates of origin or other documents indicating that the goods are manufactured in Brunei Darussalam have been issued by the Minister for the purpose of the export of such goods;
Part X
Foreign Loans for Productive Equipment
Part XI
Investment Allowances
Part XII
Part XIII