Tenzing Lamsang

Tax Reform: PIT to replace BIT for businesses

A major tax change that is being proposed in the upcoming Parliamentary session is doing away with the Business Income Tax (BIT) entirely, and instead replacing it with the Personal Income Tax (PIT). Currently, companies that are not incorporated or are single proprietor-owned, like grocery shops, restaurants, etc., come under …

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Russian Drug Smuggler never visited Bhutan

On 6th May media outlets in Thailand reported that Denis Bichuk, a 36-year-old Russian, admitted to smuggling 415.72 grams of hashish to Thailand that he claimed he picked up in Bhutan and ingested in condoms to avoid customs’ check. Denis was arrested by Police in the island of Koh Phangan …

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