BUSINESS

Businesses with Nu 5mn plus turnover to be under GST

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 …

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BNB launches loyalty program

Bhutan National Bank (BNB) has introduced its first Loyalty Program for its users. It is an initiative aimed at the users for their continued support throughout the years. The bank’s Loyalty Program allows customers to earn reward points for using various banking services through the mPay App, including QR payments, …

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MoAL unveils plan to support highlanders in boosting livestock products  

Member of Parliament (MP), Lhendup Wangdi, from Bji-Katso-Uesu Constituency raised concerns about the challenges faced by highlanders’ dependent on yak farming. In response, the Minister for Agriculture and Livestock (MoAL), Younten Phuntsho, outlined comprehensive initiatives under the 13th Five-Year Plan (FYP) to address declining yak populations, improve rangelands, and support …

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3 in 10 students experience bullying

The Department of Education Program (DEP) shared that in 2023 a total of 153 secondary schools with trained counsellors reported a total of 2,171 bullying cases, with 1,115 cases involving male students and 1,056 involving female students. This does not include all the 573 schools in Bhutan including extended classrooms. …

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Why GST Bill was withdrawn from the Parliament session

The motion to introduce the Goods and Services Tax (GST Amendment) Bill of Bhutan, 2024 for deliberation and adoption was withdrawn from the Parliament session yesterday. According to Minister of Finance, Lekey Dorji, “We wanted to amend the GST Act 2020 again but the Cabinet advised the ministry to first …

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GST to be introduced from 1st July 2025

The Goods and Services Tax (GST) system will be implemented from 1st July 2025 according to the Ministry of Finance. The GST Act was passed in 2020 but the online BITS system was not ready and so it got another extension in 2022 with an Amendment with enforcement to happen …

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