BBSCL

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,...

Residents of Singye Gewog in Sarpang will soon experience smoother travel as the Department of Surface Transport nears completion of blacktopping the gewog road. The project, expected to finish in three months, promises to enhance connectivity and create new economic opportunities for the community. The road, built in 2016, had not undergone major maintenance due to budget constraints. Now, as...

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...

Discussions are underway to amend the existing tobacco control laws in response to the growing use of e-cigarettes among Bhutanese youth. Health Secretary Pemba Wangchuk said that while traditional tobacco products and nicotine-containing e-cigarettes are taxed at 100 per cent, nicotine-free e-cigarettes are only taxed for the device. This highlights regulatory gaps for non-nicotine e-cigarettes, particularly those with flavored variants....