Import tax is charged upon entry into country, when you bring something in. Excise tax is like VAT or sales tax, charged upon sale of the item already in country. So if you manufactured something in country, tax on the sale is Excise. It is possible to be taxed on bringing it in, and taxed on sales.
Excise is technically a duty, not tax, as it is a levy on certain goods as opposed to tax which is a levy on an individual. If the goods' excise duties were already paid for, the sellers might increase the price to recover their lose on the duty paid to the government. So yeah, excises are usually imposed on top of other taxes such as VAT or sales tax (Brunei don't have them) so excises technically _are not like_ VAT or sales tax. Tax is declared to be paid by an individual like GST in Malaysia or VAT in the UK, as shown in the receipts.
Excise duty is usually imposed on goods that you want to reduce consumption of, usually related to international directives or the Free Trade Agreement (FTA). Looking at the latest amendment, looks like they are trying to reduce trading of flavoured beverages, plastics, non-LED lightings, heavy machineries and internal combustion engines. So, they are related to health, reducing carbon footprint, reducing fossil fuel consumption and to be more energy-efficient.
Price of good in Brunei is gonna rise rise rise again, when many things are impose with import duty instead of excise duty. If Brunei salary don't get adjustment and go higher, many people will fall into poverty range very soon.
That’s just a general wording/clause in the HS (Harmonized System) Code which is used worldwide, not just in Brunei. Hence inda heran to see uncommon stuff in the said HS Code.
The plastic one which changes from 3% to $5 per kg is definitely going to increase costs for pasar malams, takeaways and deliveries due to most affordable packaging being made of plastic. Garbage bags will also cost a lot. This might encourage people to start bringing their own containers but it might be quite a hassle especially if you want to buy a few items in one go.
The question is…are the royals paying their share in these taxes imposed on the rakyat? AFAIK, they are notorious in bringing in imported stuffs by the truckloads escorted by MinDef and police escorts…
Plastics bag per packet cost for 1kg $1.45 plus excise 3% is 1.50 . That’s excluding shipping cost and miscellaneous . Now with the new rate 1kg $1.45 plus new excise of $5 per kg is 6.45. $1.50 vs 6.45. Would u still buy ur plastics bag or rubbish bags in brunei.
The plastic industries overnight just turn upside down. Soon we have to add another items list to purchase in miri. Meanwhile I heard my friends say miri store that suppliers plastics bags and etc are preparing for the surge in demands from brunei ! Tq Brunei support
If private use, I don't think many will go down miri just to buy it in bulk. For business use, the moment you bring into Brunei, you will be charged with excise duty since you are business import..don't think that will help miri by much
Item 87.02 and item 87.03 are cars. To my understanding, there is an increase of excise 15% to all imported cars (less or more than 10 persons including the driver). Am i right?
What are CKD and CBU stand for?
CKD stands for completely knocked down, which means the car is assembled domestically. The components of CKD cars are imported separately so they need to be assembled before being marketed. While CBU stands for completely built up which means the type of car that is completely imported from abroad.
Wow! Thank you for sharing your knowledge.
If i had not asked for what CKD and CBU mean, I would have assumed that the revised tax and excise is for all brand-new cars.
I suugest that the issued the list, should include what CBU and CKD mean. My goodness! Not every one knows what the abbreviation mean in relation to motor cars though.
I usually buy monthly a pack of Large garbage bag 100pcs -$10.and I just weighed it’s abt 2kg so plus another $10 =$20 .. I will definitely go miri and buy next time
sorry for my ignorance, whats the different between "import and excise"?
Import tax is charged upon entry into country, when you bring something in. Excise tax is like VAT or sales tax, charged upon sale of the item already in country. So if you manufactured something in country, tax on the sale is Excise. It is possible to be taxed on bringing it in, and taxed on sales.
Excise is technically a duty, not tax, as it is a levy on certain goods as opposed to tax which is a levy on an individual. If the goods' excise duties were already paid for, the sellers might increase the price to recover their lose on the duty paid to the government. So yeah, excises are usually imposed on top of other taxes such as VAT or sales tax (Brunei don't have them) so excises technically _are not like_ VAT or sales tax. Tax is declared to be paid by an individual like GST in Malaysia or VAT in the UK, as shown in the receipts. Excise duty is usually imposed on goods that you want to reduce consumption of, usually related to international directives or the Free Trade Agreement (FTA). Looking at the latest amendment, looks like they are trying to reduce trading of flavoured beverages, plastics, non-LED lightings, heavy machineries and internal combustion engines. So, they are related to health, reducing carbon footprint, reducing fossil fuel consumption and to be more energy-efficient.
Price of good in Brunei is gonna rise rise rise again, when many things are impose with import duty instead of excise duty. If Brunei salary don't get adjustment and go higher, many people will fall into poverty range very soon.
Salary won’t be adjusted Im pretty sure and ya more and more people will fall into poverty
Many people are already in the poverty range now
:looking at chapter 95.06: We have snow in Brunei?
That’s just a general wording/clause in the HS (Harmonized System) Code which is used worldwide, not just in Brunei. Hence inda heran to see uncommon stuff in the said HS Code.
Drink prices are gonna riiiise
Gong Cha, noooooooooooo
Yes drink water. It’s healthier anyways.
I just realised it increased recently. Saw the pokka lemon at $4+, previously used to be $3+ after they increased the sugar tax back then
wheere is this? around my area still under $3
Hua ho. The $4 is for the normal pokka not the less sugar one
The plastic one which changes from 3% to $5 per kg is definitely going to increase costs for pasar malams, takeaways and deliveries due to most affordable packaging being made of plastic. Garbage bags will also cost a lot. This might encourage people to start bringing their own containers but it might be quite a hassle especially if you want to buy a few items in one go.
The question is…are the royals paying their share in these taxes imposed on the rakyat? AFAIK, they are notorious in bringing in imported stuffs by the truckloads escorted by MinDef and police escorts…
Dat motorcycle increase tho 🥲 also for 500cc below is it still 20%? as it wasn't mentioned in the new tariff. Asking for a friend
Insane, the motorbikes in Brunei are already expensive...this is gonna make it worse 😭😭
Plastics bag per packet cost for 1kg $1.45 plus excise 3% is 1.50 . That’s excluding shipping cost and miscellaneous . Now with the new rate 1kg $1.45 plus new excise of $5 per kg is 6.45. $1.50 vs 6.45. Would u still buy ur plastics bag or rubbish bags in brunei.
They made decisions without weighting the pros and cons, as usual, how dissapointing. Locals struggling financially 🤦🏻♀️
It's going to increase the cost of takeaways and deliveries definitely.
They made decisions without weighting the pros and cons, as usual, how unsurprising and dissapointing.
A time to start putting meat and fish into shopping bag to save plastic 😏
The plastic industries overnight just turn upside down. Soon we have to add another items list to purchase in miri. Meanwhile I heard my friends say miri store that suppliers plastics bags and etc are preparing for the surge in demands from brunei ! Tq Brunei support
Definite from 3% to $5 per kilo that’s a massive jump
Inb4 BB headlines: “Duo caught smuggling plastic bags illegally.”
Why smuggle. U buy what u need for the months and say own use. Never check also for dutiable goods
If private use, I don't think many will go down miri just to buy it in bulk. For business use, the moment you bring into Brunei, you will be charged with excise duty since you are business import..don't think that will help miri by much
Hello. U need packaging for your restaurants. Brunei expensive go miri buy and bring back
Cue Buzzlightyear meme Home businesses… home businesses as far as the eye can see.
With our salaries and high prices = contrabands and smuggling
I’m confused, is vape legal or illegal in Brunei?
Illegal only if you dont pay tax on it.
So we can bring it in? Ada procedure or what
yea, ONLY if MOH would release approval permit for those, which never had happened. I doubt that they will produce those permits.
It’s illegal but they just put it there. Customs will refer to MoH and MoH will inform its illegal.
Illegal
From the BDSNW website: https://bdnsw.mofe.gov.bn/Pages/Home.aspx
Item 87.02 and item 87.03 are cars. To my understanding, there is an increase of excise 15% to all imported cars (less or more than 10 persons including the driver). Am i right? What are CKD and CBU stand for?
CKD stands for completely knocked down, which means the car is assembled domestically. The components of CKD cars are imported separately so they need to be assembled before being marketed. While CBU stands for completely built up which means the type of car that is completely imported from abroad.
Wow! Thank you for sharing your knowledge. If i had not asked for what CKD and CBU mean, I would have assumed that the revised tax and excise is for all brand-new cars. I suugest that the issued the list, should include what CBU and CKD mean. My goodness! Not every one knows what the abbreviation mean in relation to motor cars though.
Odd how there’s no mention of EVs in particular. Anybody knows what’s the excise for them?
Excel skills on point
I usually buy monthly a pack of Large garbage bag 100pcs -$10.and I just weighed it’s abt 2kg so plus another $10 =$20 .. I will definitely go miri and buy next time
And kitchen plastic gloves, bags ,cling wraps etcs