Brunei has the second-highest Human Development Index among the Southeast Asian nations, after Singapore, and is classified as a developed country making it a country preferred by a lot of employees to work at. While being heavily dependent on the agriculture industry, the economy is known for industries such as the finance and banking sector with a large contribution of the infrastructure-related businesses.
You can find the list of renowned universities in Brunei here.
More information about average salaries in Brunei can be found here.
The employer payroll tax can be found here.
No minimum wage.
An employee must be paid at least once a month.
All salary other than overtime payment must be paid within 7 days after the end of the salary period.
Salary for overtime must be paid within 14 days after the end of the salary period.
13th month salary
Employee stock options
There is no provision for employee stock options in Brunei, however, if the employer wishes to provide employee stock options as a part of incentives, necessary taxes must be paid at the time the stocks are converted to shares by the employees.
Taxes levied are can be found here.
An employee shall not be permitted to work for more than 12 hours in any day.
An employee shall not be permitted to work overtime for more than 72 hours a month.
An employee shall not be required to work more than 6 consecutive hours without a period of leisure.
In the case of a person employed on a monthly rate pay, 12 x the employee’s monthly basic rate of salary divided by 52 x 44 hours.
In the case of a person employed on pieces rates, the total weekly salary at the basic rate of salary received divided by the total number of hours worked in the week.
The public holidays can be found here.
Employees are given 7 days of annual leave in respect of the first 12 months of continuous service with the same employer.
They are entitled to an additional day’s annual leave for every subsequent 12 months of continuous service with the same employer and up to a maximum of 14 days of such leave.
Employees are entitled to 14 days outpatient sick leave per year and 60 days hospitalisation leave.
Employees have a maternity leave which is a minimum of 91 days off with 100% compensation.
A termination of contract may occur when:
If the employee is terminated by the employer, he is entitled to receive his total salary due.
If the employee resigns:
The probation period should not exceed 90 consecutive days.
It is mandatory for employers to cater to provide social security to their employees in Brunei. Social security covers Medical Benefits wherein the government provides free healthcare that includes outpatient and inpatient care provided by registered medical practitioners (should be an approved hospital).
The contributions to social security by the employer and the employee must be 5% each respectively.
The medical benefits for dependents are the same as what is provided to the employee. Ministry of Health registers physicians and approves hospitals to provide health care services to residents of Brunei.
Further details can be found here.
There is no VAT in Brunei.