The Property Tax Bill of Bhutan 2022 with its 0.1% annual tax based on the value of the land and house will generate upwards of more than Nu 600 mn a year up from the current Nu 57 mn collected every year. Currently the Property Tax is collected by Thromdes …

The Finance Minister Namgay Tshering presented the Pay Structure Bill of Bhutan 2022 under which the Pay Structure shall comprise of fixed pay and variable pay. The Fixed pay shall comprise of Monthly Basic Pay (MBP) applied for the calculation of post service benefits and other computations currently pegged to the basic pay, and secondly the Non-Pensionable Monthly …

The tragic Takti Bus Accident that has led to the death of 6 monks of the Kanglung Shedra on 12 November could have been avoided if the 49-year-old bus driver had heeded the requests by the monks in the bus to slow down. Before Takti, the bus nearly had an …

The Tax Bill of Bhutan 2022 introduced in Parliament touches a wide array of products where there are both increases and decreases (see Box 1 and 2). When it comes to increases one of the major reasons was for promoting good health which is where items like tobacco, betel nut, …

After the presentation of the Property Tax Bill in Parliament a big question on the minds of many Bhutanese will be what the land tax rates will be like for them once the bill is passed, whether the land is in urban or rural areas. The paper found that the …

A few months ago the Ministry of Foreign Affairs (MFA) and the Ministry of Economic Affairs (MoEA) drafted and sent an MoU to Delhi on fuel supply as an effort to have the first ever MoU between the two governments focusing mainly on the consistent supply and also lower pricing. …

With the Civil Service Reform Bill passing in the National Assembly and it expected to sail smoothly through the National Council, one major change is the reduction of 10 ministries into nine. This is due to the deletion of two ministries which are the Ministry of Information and Communication (MoIC) …

On the day that the Tax Bill was introduced in Parliament on 8 November, 2022 the Finance Ministry issued a notification signed by Lyonpo Namgay Tshering saying that the revised Customs Duty, Sales Tax and Green Tax rate will be applicable on imports made on or after 8 November. The …

In February 2022 the Ministry of Labour and Human Resources (MoLHR) came out with ‘The Regulation for Training Consultancy and Placement Firms (TCPF),’ which allowed the registration of TCPF Consultancies to provide ex-country Technical and Vocational Education Training (TVET) studies (diplomas) in recognized institutions. After the regulation around 16 mainly …

The Finance Minister Namgay Tshering today introduced the Tax Bill 2022 which increased the indirect Customs Duty (CD) for third country imports, Sales Tax (ST) and Green Tax (GT) on an array of items. Lyonpo said the taxes are being introduced as the country’s economy is not in a good …