Brunei - PricingBrunei - Pricing
Bruneians enjoy a high per capita income, but that includes both very wealthy residents and families with significant personal debt who depend on government subsidies for fuel, housing, and education. There is a robust niche market for higher-end products and services, but shoppers are also cost-conscious for everyday purchases, and products of other nations are priced competitively. Bruneians increasingly use social media to spot deals and specials at stores, restaurants, and online shops. U.S. exporters should generate a price survey of competitor products and services from both domestic and international firms.
Brunei currently does not charge any sales tax, value-added tax or goods and services tax. Hotel and rest and recreation facilities may charge up to a 10% service fee. They may also charge gratuity.
Brunei instituted the Price Control Act (Cap 142) administered by the Department of Economic Planning and Development, Ministry of Finance and Economy. Maximum prices for selected goods such as those that are categorized as basic necessities (motor vehicles, infant milk powder, and cigarettes) may be fixed by the Price controller for consumer protection purposes. The Act controls the market activity of the specified goods.