As the Nu 96 mn airfare subsidy is launched, the tour operators have a different view on the feasibility and rationality of this execution. “The Ministry is taking steps to help the tourism industry, and we appreciate that, but it was too short of a notice for us, and tourists …

The Annual Audit Report (AAR) 2023-24 of the Royal Audit Authority (RAA) was presented to the Parliament, and tabled during the joint sitting of the Second Session of the Fourth Parliament on 10th December 2024. The report provides an overview of the audits conducted from 1st July 2023 to 30th …

The Milk Processing Unit (MPU) operated by Zambala Farmers’ Group in Norbugang Gewog in Pemagatshel is under the Royal Audit Authority (RAA)’s scanner, as a case of misuse of sales proceeds amounting to Nu 4.738 million (mn). It was found that the sales proceeds received by various office bearers were …

Druk Green Power Corporation (DGPC) was awarded the GNH Business Certificate on 5th December for its efforts to align with the values of Gross National Happiness (GNH). The Prime Minister Dasho Tshering Tobgay presented the certificate to Dasho Chhewang Rinzin, the Managing Director of DGPC, at the Centre for Bhutan …

While there are signs of recovery in the tourism sector, however, Bhutan’s hotel industry is still facing difficulties, in terms of occupancy and staff retention. In response to the readiness of the hotels in paying their loans next June when the deferment period comes to an end, the Chairman of …

Businesses in Bhutan are required to register, obtain a license, and follow various tax laws. This applies to the ones operating online as well. The Ministry of Industry, Commerce and Employment (MoICE) has guidelines for online businesses and as of now, there are 185 businesses licensed to sell online using …

While there are ample advantages of being a World Trade Organisation (WTO) member, the Government is also assessing how the membership aligns with initiatives like the Gelephu Mindfulness City, ensuring any integrations support Bhutan’s developmental aspirations. The Government recognizes that WTO membership can be a significant step toward achieving Bhutan’s …

Though the Goods and Services Tax is yet to be finalized, the Ministry of Finance aims to implement it by July 2025. The Department of Revenue and Customs will start a comprehensive outreach program for businesses and taxpayers. Business units with a turnover of more than 5 million will be …

The Member of Parliament (MP) of Gangzur Minjey Constituency, Loday Tsheten, has called for Amendments to the Property Tax Act of Bhutan 2022, focusing on the tax concessions for Kamzhing and Chhuzhing. Under the Act, Chhuzing receives a 90% tax concession, while Kamzhing is given a 50% concession. The problem, …

In response to a question raised by the Member of Parliament of Bji Katsho, Lhendup Wangdi, regarding the tax rebate for highlanders, the Finance Minister, Lekey Dorji, clarified that citizens living in high-altitude areas are eligible for a tax rebate under the Property Tax Act of 2022. Under the Property …