
Brunei's BND 1 Million Tax-Free Line: What the Corporate Tax Exemption Means for Your Books
Brunei companies with turnover up to BND 1 million owe no corporate income tax but must still file by June 30 — revenue cut-off decides which side you're on.
#international-tax
Cross-border tax compliance, foreign income reporting, and US international tax obligations for individuals and corporations

Brunei companies with turnover up to BND 1 million owe no corporate income tax but must still file by June 30 — revenue cut-off decides which side you're on.

Foreign co-owners make LLC profit effectively connected income: Section 1446 withholding, a 1040-NR filing, and a 30 percent branch tax for corporations.

Greece taxes freelancers on imputed income of 12,320 euros for 2026 — and B2B e-invoicing via myDATA is mandatory from October 1.

Saint Lucia waives 100% of penalties and interest on tax arrears through 2025 if you pay the principal by December 2027. File first, then settle.

Sri Lanka dropped its planned Rs. 36M VAT threshold; registration still starts at Rs. 60M a year or Rs. 15M a quarter, and digital-services VAT took effect.

Paraguay's IRE Simple taxes sole proprietors at 3% of gross up to G. 2 billion; if your margin is under 30%, the 10% actual-profit option costs less.

Bahrain's 15% DMTT now binds MNE groups over EUR 750M: US-parented groups with a Bahrain entity must register or risk BHD 100,000 fines and evasion charges.

Cameroon's IGS taxes small businesses on turnover, not profit — 500,000 to 2,000,000 CFAF a year for 10M–50M CFAF turnover, paid quarterly.

Honduras waives penalties on tax arrears through 2025 if paid by October 12, 2026 — and extends RIT duty-free imports five years for exporters.

Since June 1, 2026, Israeli B2B tax invoices above ₪5,000 need a Tax Authority allocation number or the buyer cannot deduct input VAT.

Rwanda's April 2026 order taxes online goods and digital services at 18% VAT — foreign sellers must register with the RRA or banks withhold it.

South Korean sole proprietors under ₩104 million in prior-year sales file VAT on the simplified track — two filings a year, and no payment under ₩48 million.