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Brunei Tax Information

No sales tax

No VAT, GST, or sales tax in Brunei. Business license required. Some excise duties apply to specific goods.

Financial Advisor Services to Invoice

  • Financial planning
  • Investment advisory
  • Retirement planning
  • Tax planning
  • Estate planning
  • Insurance review
  • Wealth management

Invoice Requirements in Brunei

Business registration
Company name
Client details
Invoice number
Total in BND

Payment Terms

Fee-only: project-based or AUM percentage. Flat retainer for ongoing planning.

Tunai14 hari30 hariAkhir bulan

Payment Methods in Brunei

Bank TransferBIBDBaiduriCredit CardCash

Financial Advisor Invoice Tips

  • Include advisor registration
  • Reference advisory agreement
  • Note AUM if applicable
  • Document planning deliverables
  • Meet compliance requirements

Frequently Asked Questions

What tax rate applies to financial advisor invoices in Brunei?

Brunei has No sales tax. No VAT, GST, or sales tax in Brunei. Business license required. Some excise duties apply to specific goods.

What payment methods are common for financial advisors in Brunei?

Common payment methods in Brunei include: Bank Transfer, BIBD, Baiduri, Credit Card, Cash. Fee-only: project-based or AUM percentage. Flat retainer for ongoing planning.

What should financial advisor invoices include in Brunei?

Your invoice should include: Business registration, Company name, Client details, Invoice number. For financial advisor services specifically, also include: Financial planning, Investment advisory, Retirement planning.

How should financial advisors structure fees?

AUM percentage (0.5-1.5%), flat retainer, hourly, or project-based. Disclose fee structure clearly.

What compliance info should be on invoices?

Advisor registration (CFP, RIA), firm info, and fee disclosure language as required.

Does Brunei have VAT or sales tax?

No, Brunei has no VAT, GST, or general sales tax. This makes it attractive for business. Revenue comes primarily from oil and gas sector. Only specific excise duties on certain goods.