PH, Brunei sign accord against double taxation
Manila Bulletin|July 17, 2021
The Philippines and Brunei Darrusalam have signed an agreement aimed at eliminating double taxation and preventing fiscal evasion on taxes on income arising from cross-border transactions between the two Southeast Asian nations.
CHINO S. LEYCO
PH, Brunei sign accord against double taxation

The agreement was signed by Finance Secretary Carlos G. Dominguez III and Yang Berhormat Dato Seri Setia Dr. Awang Haji Mohd Amin Liew bin Abdullah, the Minister at the Prime Minister’s Office and Minister of Finance and Economy II of Brunei on Friday, July 16.

Dominguez said the agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion With Respect To Taxes on Income is expected to further strengthen economic cooperation and enhance investment flows and economic activity between the two countries.

He assured that the Philippines’ commitment to continue and deepen the coordination with the tax authorities of Brunei in ensuring the proper implementation of the double taxation agreement (DTA) and the enforcement of relevant tax laws.

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