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 …

The Draft Clean Wage Document of the Ministry of Finance in phase two of the Clean Wage reform recommends exiting all in house drivers from the civil service, remove office cars, do away with the system of of traveling in private cars and claiming mileage. It says this service could …

In the last few months ever since a series of transformation reforms began in various sectors, there has been some confusion, some fear and apprehension and a degree of uncertainty. However, after His Majesty The King finished his Royal Address to the Parliament on Friday there was not a single …

Indian team not for the barrage solution proposed by Bhutan for P 1 The Indian Power Secretary Alok Kumar and his team was in Bhutan on an official visit from 29 October to 1 November during which he met with the Prime Minister Dasho Dr Lotay Tshering and had discussions …

A leaked copy of a draft Clean Wage Document sent by the Ministry of Finance (MoF) to the Ministry of Education (MoE) in April 2022 gives an idea of what the 5th Pay Commission is working on as part of the Clean Wage reforms for the civil service. A recent …

The doing away of the Gross National Happiness Commission (GNHC) and the transfer of its various divisions to the Cabinet, Ministry of Finance and Center of Bhutan and GNH Studies has raised questions on how these agencies will play the key planning, policy vetting and coordination role of the erstwhile …

One of the hotly discussed topics these days both in the social media and media is the deteriorating Ngultrum and INR parity rate in Jaigaon reaching around 7% against the Nu which means Nu 107 is equivalent to around INR 100. There have been constant requests from traders in Jaigaon …

In mid August there was a lot of unhappiness as the Passport Office under the Foreign Ministry ran out of passports due to unprecedented demand and started issuing travel documents. It was said then that the passports are expected to come by the end of October 2022 as per the …