On 24 June 2022, the National Council of Bhutan (upper house of parliament) issued a brief release announcing that it has rejected the Goods and Services Tax (Amendment) Bill of Bhutan 2022. The bill, approved by the National Assembly (lower house) on 20 June, provides for the deferral of the implementation of the country’s new GST regime from 1 July 2022 to 1 July 2024.
Source: Orbitax
Latest Posts in "Bhutan"
- Gelephu Mindfulness City Retains Sales Tax, Exempt from Bhutan’s GST During Transition Period
- Ensuring GST Success: Public Awareness, Transparent Billing, and Strong Regulatory Oversight Essential
- Bhutanese Consumers Face Double Taxation and Price Hikes During GST Transition Period
- Only Registered Businesses May Collect GST: Public Notification from Bhutan’s Revenue & Customs
- Bhutan Launches GST: Modernising Taxation, Protecting Households, and Boosting Economic Resilience
