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His Majesty The King granted an Audience to ICT teachers from across the country who are attending a 12-day coding training which started, in Gelephu on 23rd January. Addressing the teachers, His Majesty said, “We have always steered our country in the right direction. We have successfully navigated through great …

If there are two contrasting projects in Bhutan, then it is the 1,200 MW Punatsangchu I project hugely exceeding all time and budget limits, while the 720 MW Mangdechu has largely been built within budget and time and is already generating revenue. The outgoing Mangdechu Project MD, A.K Mishra in …

MFA also in touch with the Iraqi government The Ministry of Foreign Affairs (MFA) has contacted 135 women who are currently working in Iraq. MFA is also working with the Iraqi government to bring back all Bhutanese workers there who want to return home. Foreign Minister (Dr) Tandi Dorji said …

In a bid to reduce imports and promote local products, the Ministry of Economic Affairs (MoEA) has come up with an Import Substitution Report that looks at supporting viable local products that can contribute to import substitution. “The import substitution report will be a guiding document for the private sector …

15 January 2020: His Majesty The King graced the Opening Ceremony of the 3rd Session of the Third Parliament.

The Finance Minister Lyonpo Namgay Tshering introduced the Goods and Services Tax Bill 2020 (GST) on 16th January 2020. The GST Bill is the legal basis of the GST tax which will subsume 11 different rates of Sales Tax (ST) for goods and services manufactured or imported into Bhutan into …

One of the surprises of the Income Tax Bill 2020 (Amendment) was the reduction of the Corporate Income Tax for private companies from the current 30 to 25 percent. The Finance Minister, Lyonpo Namgay Tshering said that the tax cut will mean revenue forgone will be Nu 368 mn a …

Thirty-year-old Pema (name changed) worked in a local drayang in Thimphu for five years before leaving for Iraq to work in a beauty parlor last year. She left behind her two young daughters in hopes to earn good money and pay off her debts. Pema is a single mother and …

An attempt by the Ministry of Finance (MoF) to be transparent in the Personal Income Tax slab in the Income Tax Amendment Bill 2020 lead to people scratching their heads. The confusion was caused because instead of giving the usual Income category and the Tax that is applicable the Department …

The proposal is for a more dynamic annual or multi-year rolling system He says government has started the process in the way it will now allocate the budget In what is a major reform, the Prime Minister’s office is at the heart of initiating a major change in the current …