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.
Labourers load apples after grading in Phuentsholing in August 2017

Stock exchange spots Nu 17M in unclaimed dividends

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The Royal Securities Exchange of Bhutan (RSEBL) has found a total…
Labourers load apples after grading in Phuentsholing in August 2017

BAIL buys apples from farmers as export market shrinks

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The apple export market was not good this season. According…
Labourers load apples after grading in Phuentsholing in August 2017

Domestic credit at Nu 97B

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The Royal Monetary Authority’s (RMA) financial inclusion initiative is expected to fuel domestic credit to almost 50 percent of the GDP in the medium term.
Labourers load apples after grading in Phuentsholing in August 2017

Share trading records increase in volume and value

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While no shares were floated through the initial public offering (IPO) in 2016, the year saw new records of share trading in the secondary market.
Labourers load apples after grading in Phuentsholing in August 2017

Bhutan’s PFM at an advanced level: World Bank

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Bhutan became the fifth country in the world to be recognised by Public Expenditure and Financial Accountability (PEFA) framework for maintaining high standards of public financial management (PFM) system.
Labourers load apples after grading in Phuentsholing in August 2017

PPI records 3.42 percent price rise

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Inflation in the first three quarters of the year, from producers’ perspective has increased by 3.42 percent compared to the first quarter of 2016, according to the producer price index.
Labourers load apples after grading in Phuentsholing in August 2017

Private sector submits six proposals on GST

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The private sector, through the Bhutan Chamber of Commerce and Industry has submitted six concerns to the government on the Goods and Services Tax (GST) that India implemented last month.
Labourers load apples after grading in Phuentsholing in August 2017

GST impact to cost Nu 14B in 12th Plan

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While the Goods and Services Tax (GST) in India will have a revenue implication of Nu 14B in the 12th Plan, the trading sector is to benefit the most. For this to materialise, the retailers have to pass the benefit to consumers and import commodities from the GST registered suppliers in India.
Labourers load apples after grading in Phuentsholing in August 2017

Crypto currency, the financial world’s future

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With evolution in technology and things getting digitised, its relevance to paper currencies is increasingly being applied around the globe. The Crypto Currency world is getting bigger.
Labourers load apples after grading in Phuentsholing in August 2017

CPI records 5 percent Inflation in June

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The price of goods and services increased by almost five percent between June last year and this June, according to the consumer price index. This was 0.72 percentage lower than the year-on-year inflation of May, which stood at 5.65 percent.
Labourers load apples after grading in Phuentsholing in August 2017

GST could boost business for Phuentsholing

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Although the government claims that it is yet to understand the impact of India’s shift to the Goods and Services Tax (GST) regime on Bhutan, the move is expected to impact Phuentsholing differently.
Labourers load apples after grading in Phuentsholing in August 2017

Trade deficit of Nu 10B in the first quarter of 2017

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At a time when commissioning of mega power projects is being deferred, correcting the trade deficit could remain an uphill task because many economic projections has already been made based on the earning from these projects