Kezang Choden

GST collections reach Nu 4.9 billion in first six months

More than 4,100 businesses registered The Goods and Services Tax (GST) collected Nu 4.9 billion (bn) in revenue during its first six months after coming into effect on 1st January 2026, according to the Ministry of Finance (MoF). The GST replaced the previous Sales Tax regime and generated Nu 4.9 …

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Land tax collection reaches nearly Nu 660 million in FY 2025-26

Dry land tax accounts for the largest share of revenue, followed by building tax The government collected nearly Nu 659.770 million (mn) in land and property taxes during the 2025-26 fiscal year, with dry land tax accounting for more than three-quarters of the total revenue, according to figures released by the Ministry …

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Nu 69 billion Khorlochhu project progressing with new developments despite challenges

Project records 13.62 percent physical progress, stays on schedule despite geological challenges, supply disruptions and workforce shortages The Khorlochhu Hydropower Project has entered a new stage of implementation with the award of the Electro-Mechanical and Hydro-Mechanical contracts in June 2026, marking a transition from predominantly civil construction to an integrated …

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PHPA-I unable to determine cause of Nu 166 mn cable fire

Around Nu 166 million worth of copper cables damaged in a fire at the Punatsangchhu Hydropower Project Authority-I (PHPA-I) storehouse in February are covered by insurance, with the claim process now underway, according to the Ministry of Energy and Natural Resources (MoENR). The update comes months after a fire broke …

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