BBSCL

The revenue from Personal Income Tax increased by nearly one billion ngultrum this time. As of March this year, more than 70,000 taxpayers have filed their Personal Income Tax. As of 31st March, the total personal income tax revenue for the income year 2024 amounts to Nu 2.9bn. In 2023, it was Nu 2bn and almost the same amount in...

Clothing and handicraft vendors operating their businesses near the Centenary Farmers’ Market in Thimphu are struggling with dwindling customers due to the ongoing Kuendelling Bazam renovation. While Thimphu Thromde has set a 15-month deadline for the bridge’s completion, shopkeepers said they were not adequately informed about the project’s impact and relocation plans. The bridge reconstruction will cost Nu 33 M....

After four rounds of negotiations, Bhutan and Thailand signed the Free Trade Agreement today. The agreement allows the two countries to trade goods without paying customs duties on each other’s products. A customs duty is the tax imposed on imported goods. Thailand is the fourth largest trading partner of Bhutan. Ahead of the Sixth BIMSTEC Summit, which starts tomorrow, Industry,...

In two years, the country will have a pool of experts specialised in enhancing audits. Auditors with the Royal Audit Authority are currently being trained through the Intosai Development Initiative (IDI). IDI has benefited more than 50 per cent of the country's audits so far. IDI, a body under the International Organization of Supreme Audit Institutions (INTOSAI), supports the capacity...