BIT and CIT deadline deferred to June 30

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Business Income Tax (BIT) and Corporate Income Tax (CIT) filing for 2019 has been deferred until June 30. As if they knew it was coming, not many paid the CIT or the BIT although the deadline to file the tax ends on March 31, two working days from today.

Bleak start for Visit Bhutan year

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Despite increase in tourist arrivals, spring hasn’t been as promising in bringing in international tourists

Tourism: Despite tourists cancelling their trips to Bhutan following the Nepal earthquake, the country recorded an increase in international tourist arrivals this year.

Poor potato price worry farmers

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Potatoes selling at half the price of last year

Business: The mood among farmers of eastern Bhutan, who are in Samdrupjongkhar to sell their potato, is as gloomy as the weather with potato not fetching expected price this year at the auction yard.

67M shares traded last year

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RESEL: A total of about 67.15M shares worth Nu1.93B were traded last year compared to 8.4M shares in the previous year.

FCBL should support, not compete with private sector, say BCCI

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FCBL: The Food Corporation of Bhutan Limited (FCBL) should supplement and support the private sector instead of competing with them, Bhutan Chamber of Commerce and Industry (BCCI) officials said.

DHI to take land ownership of its companies

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A land policy has been framed to safeguard land against privatisation

Resources: The Druk Holding and Investments (DHI) will be transferring the ownership of some hundreds of acres of land that are with the DHI owned companies, to ensure that the land remains as state property for all times to come.

Vegetable vendors hoard Tsirang’s vegetables

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The early birds from Gelephu and Burichu buy in bulk from farmers leaving little for the locals 

Agriculture: Just as dawn breaks, Damphu vegetable market becomes a hive of activity each Sunday.

Rangjung businesses objects farm shop

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FCB: The agriculture ministry initiative of opening a Sanam Tshongkhang (farm shops) in the heart of the Rangjung town in Trashigang is not appreciated by the business community.

First two farm shops open in eastern Bhutan

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But shopkeepers in Rangjung have filed a petition objecting the move

FCB:To facilitate better market for farmers, the Regional Agriculture and Marketing Corporative (RAMCO) established the first two farm shops in the eastern region at Rangjung in Trashigang and Toedtso gewog in Trashiyangtse yesterday.

S/Jongkhar business owners surrender licenses for cancellation

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Trade: The regional trade and industry office in Samdrupjongkhar on July 1 cancelled 31 business licenses after the license holders surrendered them as fronting cases.

FCBL should focus on wholesale business - DoT

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Trade:While the Food Corporation of Bhutan Ltd. (FCBL) still waits to hear from the economic affairs ministry on the issue of the retail business licenses,

Regional trade office’s service delivery irks business owners

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Trade: The government’s effort to deliver public services in a seamless and accessible manner is not working if the long queues for license renewal at the Thimphu regional trade and industry office (RTIO), Changzamtog, are any indication.

Industries earn more INR than other sectors: Industrialists

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INR: That Bhutan should export more to ease the shortage of Indian Rupee (INR) is evident from the export performance of the industry sector.