BUSINESS

With a spate of recent  of African Swine Fever (ASF) outbreaks and also the issue of farmers unable to get market prices due to excess production the Minister of Agriculture and Forests Younten Phuntsho outlined measures saying he fully understands the distress our piggery farmers are facing. He said the …

A total of 3,680 businesses have been registered under the Goods and Services Tax (GST) system as per the latest update, with the Department of Revenue and Customs (DRC) stating ongoing efforts to expand tax compliance and bring more entities into the formal system. In response to questions on how …

The exemption ended on 31st March and businesses in rural areas are required to pay BIT 13,516 out of 16,355 Business Income Tax (BIT) units that were exempted from BIT in the previous year have filed their return for income year (IY) 2025 as of 29th April, which means 82.6 …

Airlines jack up rates as jet fuel does not get fuel support The government so far has spent a whopping Nu 819.159 million (mn) on fuel price support as of 24 April 2026. Of this, the bulk of the support has been consumed by diesel vehicles, receiving Nu 769.671 mn, …

During the Mid Term Review of the 13 FYP, Finance Secretary Leki Wangmo stated that after the Department of Revenue and Customs (DRC) shifted to value-based taxation on property there has been a significant increase in tax revenue from Nu 55 million to more than Nu 600 million after the …

The Ministry of Finance has proposed a revision to the 13th Five-Year Plan (FYP), dropping a key performance indicator (KPI) that aimed to increase the tax-to-GDP ratio from 13 percent to 15 percent. In its place, the ministry has introduced a new target focused on enhancing domestic revenue collection through …

The Royal Monetary Authority  said it has completed its inspection involving a client of the Bank of Bhutan (BoB)and the findings indicate that the incident is the result of fundamental gaps in governance, risk oversight, internal controls, and change management practices. RMA said the matter cannot and must not be …

The Ministry of Agriculture and Livestock (MoAL) has achieved nearly 80 percent of its 13th Five-Year Plan (FYP) output goals, recording a primary sector contribution of Nu 39.6 billion (bn) as of 2025. The Mid-term review (MTR) for central agencies of the 13th FYP was conducted today at the PEMA …

The Department of Revenue and Customs (DRC) has reported that the total number of GST registrants as of 9th April 2026, stands at 4,164. According to the data provided, the number of monthly filers is 3,628, while quarterly filers number 130 and six-monthly filers account for 406, bringing the grand …

This paper asked the Ministry of Finance (MoF) that given the under collection of GST Revenue compared to the old BST, administrative and compliance burden for small businesses and inflation of essential goods and services, would the government consider doing away with GST or modifying it. The Finance Minister Lekey …