Brunei is considered one of the financially able sultanates, and accordingly, the salaries for working in Brunei are rather good. Let’s learn about them in this article and the taxes imposed in the country in addition to the highest paid jobs in it.
The small state of Brunei Darussalam is the only sovereign country located entirely on the island of Borneo in Southeast Asia.
It is bordered by the Malaysian state of Sarawak, which divides the country into two parts. It also has 100 miles of coastline with the South China Sea to the northwest. About 95% of the population lives in the urbanized western part of the country, with smaller communities inhabiting towns and villages surrounding pristine rainforests and mountainous regions.
Brunei has one of the highest standards of living in the world, thanks to its rich oil and gas reserves. The residents of this small country do not pay any income tax, health care and education are free for citizens, as well as various job opportunities with good salaries.
Work Salary in Brunei
The average working salary in Brunei is around 61,301 Brunei dollars per year. The most common earning is 16,356 Brunei dollars. Salaries differ between men and women. Men earn an average salary of BND 67,470. While women receive a salary of 42,254 Brunei dollars.
Noting that ((every 1 Brunei dollar = 0.73 US dollars)) at the present time.
The most paid jobs are cars with an average income of $141,210 and male and female salespeople with an income of $125,262.
Depending on education, the highest salaries are received by people with PhD degrees with a salary of Brunei $84,644.
Different experiences affect earnings as well. People with more than 20 years of experience get a salary of 105,907 Brunei dollars. Employees with 16-20 years of experience receive B$90,641.
Payroll taxes in Brunei
There is no personal tax on individuals living in Brunei, and the same applies to both residents and non-residents.
There are also no Social Security taxes as such, however, all citizens and permanent residents, including expatriates, must contribute 5% of their annual salary to a state-managed provident fund (TAP). The business owner must also contribute the same amount to the provident fund.
In addition to the payment of funds, all Brunei citizens and permanent residents must contribute 3.5% of their salary to the supplemental pension scheme as with TAP, the employer is also required to contribute the same amount although both amounts are set at a salary of up to Brunei $2800 monthly.
Highest Paying Jobs in Brunei
Country Sales Manager is one of the highest paying jobs to work in Brunei because all the earnings from a Sales Manager job in this country depends on the employee’s hard work and time availability. This is the main reason why Country Sales Manager is among the highest paying jobs.
Doctors or surgeons
The work of the surgeons/doctors is fantastic. Saving someone’s life is not an easy task. Doctors have to face many difficulties while doing their jobs. Because of this, the salary of surgeons/doctors is the highest in Brunei.
Deciding on someone’s life is not an easy task. Many years of education and experience are beneficial for this job.
Many years of legal experience is required for this job. Many types of decisions are taken under this function. Every decision under this job is made very carefully. This job is full of difficulties. Because of this, the salary of judges is one of the highest paid in Brunei.
The biggest main task of lawyers is to punish someone or save someone from punishment. It is indeed a difficult task.
The main reason lawyers get paid huge salaries is because they are considered highly valuable in the eyes of their clients. A successful attorney can save you a lot of money. As a result, lawyers get the highest salary.
Taking care of shipping and investing money is no small task. Bank managers have to face many risks related to the bank. For this reason, bank managers always qualify for the highest salary.
Marketing managers are always working to increase the revenue of their organizations. Marketing managers can increase any business and they can also reduce any business. That’s why marketing managers get the highest salary.
Under the mission of pilots, there is a responsibility for the safety of thousands of people. This job is not that easy. Transporting passengers from one place to another is a risky business. Because of this pilot gets the highest salary.
Thinking about the future of thousands of students is a big problem.
University professors are among the highest-paid and most popular professions. The life of college professors is full of difficulties. For this reason, the salary of college professors is considered the highest.
You can make good money with an orthodontist job. Where people are willing to pay a higher cost for a service. There is also risky work in the framework of the orthodontist job, because of this they get the highest salary.
Senior financial officials get the highest salary. Because financial managers manage budgets, expenses, costs and revenues that directly affect the operations of the organization. There are many risky jobs under the finance manager job.
The highest salary is received under the position of CEO. Because CEOs are primarily responsible for the success or failure of complete organisations. Also, CEO jobs are one of the good ones here.
doctor salary in brunei
The average salary of a doctor in Brunei is around 60,491 Brunei dollars per year. While the most common earning for a doctor in Brunei is around B$57,247.
lawyer salary in brunei
The average salary for a lawyer in Brunei is around B$38,164 annually. While the most common earning for a lawyer in Brunei is around 36,801 Brunei dollars.
teacher salary in brunei
In fact, the level of experience is the most important factor in determining the salary of teachers in Brunei without a doubt. Naturally, the more years of experience, the higher the salary for a teacher. For example, a teacher with less than two years of experience gets about $2,760 per month.
While someone with an experience level of between two and five years is expected to earn $3,800 per month.
Given the nature of Brunei’s economy, it is very likely that you will have a good chance of finding work as an immigrant. Thanks to the country’s preference for English as a business language, you are unlikely to encounter a language barrier at work.
There are many options for job seekers, online job searches are an excellent way to find work, and with many foreign and international job search portals to help find jobs abroad, with all these features feel free to make Brunei your destination. for work and stability.