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Saturday, May 20, 2023

Pedals and Pop Fizzles Just Got Costlier!

Attention, bikers and riders! Get ready to fork over some extra dough for the pleasure of cruising the roads and treating yourself to a refreshing carbonated beverage. Brace yourselves, because Brunei has just unleashed a tax update that will make your wallet wince and your taste buds tremble!


Hold onto your handlebars, because motorcycles and bikes with auxiliary motors will now face a not-so-friendly excise tax of 30 percent (and a whopping 35 percent for those above 800 cubic centimeters). It's like they're saying, "Hey, you're having too much fun on those wheels, so let's make it a bit pricier, shall we?"

 

But wait, there's more! It's not just your bikes feeling the pinch; your favorite thirst-quenchers are also in the taxman's crosshairs. Prepare to shed some tears, because beverages with low sugar content will now be hit with an excise tax of four Brunei dollars per deciliter. Who would've thought that enjoying a guilt-free drink could be so taxing? Talk about a buzzkill!

 

According to the Ministry of Finance and Economy, these changes are aimed at streamlining the duty

structure and boosting business and investment in Brunei. Well, it seems they're taking an unconventional approach to achieve that. Perhaps they believe that squeezing a few extra bucks from bikers and soda lovers will somehow rev up the economy. Hey, stranger things have happened, right?
 

So, my fellow riders and carbonated connoisseurs, get ready for this rollercoaster ride of taxes. The road just got bumpier, the drinks just got fizzier, and your pockets just got lighter. 

 

Enjoy the ride, my friends, but don't forget to check your bank account before you take that satisfying swig of carbonated refreshment. Happy riding, and may your pockets be as resilient as your suspension! (MHO0523)