Section 60
Returns to be made by partnership
(1)
Where a trade, business, profession or vocation is carried on by two or more persons jointly, the precedent partner, that is to say, the partner who, of the partners personally present in Brunei Darussalam —
(a)
is first named in the agreement of partnership;
(b)
if there be no agreement, is specified by name or initial singly or with precedence to the other partners in the usual name of the firm; or
(c)
is the precedent acting partner if the partner named with precedence is not an acting partner, shall, when required to do so by notice in writing from the Collector, make and deliver a return of the income of the partnership for any year, such income being ascertained in accordance with the provisions of this Act, and declare therein the names and addresses of the other partners in the firm together with the amount of the share of such income to which each partner was entitled for that year.
(2)
Where no partner is personally present in Brunei Darussalam, the return shall be made and delivered by the attorney, agent, manager or factor of the firm in Brunei Darussalam.
(3)
If a return in relation to the partnership for any year of assessment has not been made, the person required to make the return under subsection (1) or (2), as the case may be, shall within 3 months after the end of the accounting period relating to that year of assessment, furnish to the
Collector an estimate of the income from all sources of the partnership and the names and identification numbers of all the partners together with the amount of the share of the income to which each partner was entitled for that year.
Income Tax 98