The Public Accounts Committee (PAC) expressed concern over the growing volume of unresolved audit recoveries, and called for stronger inter-agency coordination to ensure timely follow-up and enforcement of pending cases. The PAC presented its review report on the Annual Audit Report (AAR) 2024–2025 and the follow-up on review reports from …
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The National Council unanimously adopted the Budget Appropriation Bill for Financial Year (FY) 2026-2027 and the Supplementary Budget Appropriation Bill for FY 2025-2026, with all 22 Members voting in favor. The appropriation for FY 2026–27 stands at Nu 153.3 billion (bn). Of this, Nu 63.03 bn has been earmarked for …
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The government has acknowledged the challenges faced by contractors due to recent increases in fuel and petroleum-based construction input prices, but says immediate price adjustment relief for all ongoing government projects is not legally feasible under the current procurement framework. The clarification came in response to a question raised by …
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The Ministry of Finance (MoF) clarified that while the Property Tax Act of Bhutan 2022 allows property tax payments to be made in instalments, such arrangements are intended as a discretionary relief measure for taxpayers facing genuine financial hardship rather than a standard mode of payment. The clarification came in …
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The National Council unanimously adopted the Bhutan–Singapore Double Taxation Avoidance Agreement on 8th June. The Double Taxation Avoidance Agreement (DTAA) is Bhutan’s third bilateral tax treaty and was negotiated by the Royal Government of Bhutan with the participation of the Gelephu Mindfulness City Authority (GMCA). The agreement is intended to …
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The recent 5.5-magnitude earthquake on the 7th June night with its epicentre around 20 km under the surface near Punakha Dzong is another not-so-gentle reminder of Bhutan’s vulnerability to earthquakes. Bhutan may have accumulated significant tectonic stress over the past three centuries since a magnitude 8.0 earthquake struck the country …
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The National Council (NC) adopted the Goods and Services Tax (Amendment) Bill on 5th June. NC Member for Bumthang, Kencho Tshering, informed the House that the Good Governance Committee (GCC) had reviewed the Bill and made a recommendation concerning goods already imported under categories that are proposed for exemption. The …
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The National Council concluded its deliberations on the Financial Services (Amendment) Bill 2025 on 4th June, paving the way for all insurance companies to provide both life and general insurance services. Representing the government, Finance Minister Lekey Dorji stated that the Financial Services (Amendment) Act of Bhutan primarily serves to …
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The National Assembly on Friday passed the Goods and Services Tax (Amendment) Bill of Bhutan 2026, with all 45 Members voting in favor of the motion. The amendment proposes the inclusion of 22 new items under Schedule IV C of the principal Act, which lists goods exempted from GST. The …
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The Member of Parliament (MP) for Gangzur Minjey constituency, Loday Tsheten, raised concerns in the National Assembly regarding currency depreciation risks and the sustainability of the country’s external debt portfolio, particularly non-hydropower debt denominated in convertible currencies. Citing the Debt Situation Report, the MP stated that Bhutan’s total public debt …
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The Bhutanese Leading the way.
