BANDAR SERI BEGAWAN (Borneo Bulletin): Brunei's Department of Economic Planning and Statistics (JPES) in the Ministry of Finance and Economy (MoFE) through the Department of Consumer Affairs advised businesses to act ethically and responsibly in response to the temporary remit (suspension) of excise duty rate for plastic’s primary form and other related plastic products announced by MoFE on July 6, 2023.
Businesses are encouraged to explain any price adjustments related to the latest development on the plastic tax in a transparent manner, and to act responsibly by refraining from engaging in unreasonable price increase and stating justifications which are misleading to consumers.
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