Entries by kuensel1

Seven percent GST across all board will eliminate 11 BST slabs

Should the Parliament pass the GST law, tax regime in the country would be digitised and integrated through an on-line platform.

During a consultative meeting with the members of the private sector at the Bhutan Chamber of Commerce and Industries (BCCI) office yesterday, Lyonchhen Dr Lotay Tshering said that GST is the way forward to institute a 21st-century tax regime.

Govt. proposes daily SDF 25 percent of USD 65 for regional tourist

The tourism sector representatives said that the government’s proposal to levy a daily Sustainable Development Fee (SDF) for regional leisure tourists is a good move to tackle the issues related to regional tourists. 

Finance Minister Namgay Tshering introduced a bill at the National Assembly yesterday to amend the Tourism Levy Exemption (Amendment) Act 2018. 

Addressing renal diseases among children

Renal diseases are one of the biggest killers of children below thirteen in Bhutan.  As our health system continues to progress, these health problems should not be very difficult address. Although there are many causes that lead to renal diseases among children, one is pretty obvious and we can do a lot to keep them […]

Govt. proposes major tax exemption and reduction 

The government proposed major tax revision and duties including the green tax on goods such as telecommunication equipment, hybrid cars, and energy-efficient appliances yesterday.     

The finance minister Namgay Tshering proposed the Tax (Amendment) Bill 2020 in the National Assembly. 

Govt. proposes goods and services tax

In what can be called as a major overhaul to the tax regime, to reinforce the tax administration and to recoup an additional revenue of Nu 3B, the finance minister yesterday proposed goods and services tax Bill (GST), introducing a standard single rate of 7 percent, which would subsume the sales tax and modify the excise system.