Brunei hikes taxes on motorcycles, sugary drinks

2023-06-19 07:22
中国-东盟博览(政经版) 2023年6期

May. 17, 2023 (Xinhua) — Brunei implemented an update on customs import and excise duties on May 17, increasing taxes on motorcycles and sweetened or flavored beverages, among others. Motorcycles and bikes with auxiliary motors will face an excise tax of 30 percent (35 percent for above 800 cubic centimeters), compared to 20 percent previously. There will also be an excise tax of four Brunei dollars (2.98 U.S. dollars) per deciliter on beverages with low sugar content. Previously, only drinks with high sugar content faced excise taxes.