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.

Manipulations by middlemen decreasing cardamom price, say traders

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Cardamom traders in Phuentsholing say manipulations by middlemen…

GST regime to be implemented by 2020

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With the implementation of the goods and services tax (GST) in India beginning July 2017, the adoption of a GST in Bhutan has become a top priority, according to the International Monetary Fund’s (IMF) article IV consultation report.

87,901 taxpayers filed their taxes in 2017

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Some 87,901 individuals and businesses filed their taxes in the…

Record low inflation in August

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The price of goods and services as of August this year has increased…

Domestic credit at 107.8B

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Financial institutions in the country lent Nu 107.8B in the domestic market as of June this year. The economy saw domestic credit swell by Nu 12B in a span of 12 months. In June last year, the cumulative figure of domestic credit stood at Nu 95B.

Market value of shares touch Nu 31B

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The total market value of shares in the country has increased…

Market value of shares reach Nu 28B

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Share trading in the secondary market has increased by about…

RMA allows INR 500 denomination

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The Royal Monetary Authority (RMA) has allowed the use of new…

Dungsam Polymers suffer sixth consecutive loss

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Sixth year into operation and the Dungsam Polymers Limited (DPL)…

Bhutan approves 64 FDIs in 15 years

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Bhutan has to date approved 64 foreign direct investment (FDI) projects worth Nu 34 billion since the country allowed foreign investment in 2002. According to the FDI annual report 2017, the country approved five projects in 2016. This means that since then, in a span of about a year and half, 10 FDI projects were approved.

Bhutan among fastest growing economies in Asia: ADB

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But youth unemployment remains an issue With an economic growth…

Financial institutions fuel Nu 103B domestic loan

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Financial institutions in the country lent Nu 103B in the domestic…