According to the minister, it is not right to introduce the GST at this time since it would have a negative impact on commercial organizations and the general population
The National Assembly proposed deferring the Bhutan Goods and Services Tax (GST) Amendment Bill 2022 on June 8. The GST was supposed to go into effect on July 1, 2022.
Finance Minister Namgay Tshering, who is in charge of the Bill, stated that the revision is being proposed to postpone Bill’s implementation date from July 1, 2022, to July 1, 2024.
Source Businessbhutan
Latest Posts in "Bhutan"
- Addendum Clarifying GST Exemption Effective Date for Exempted Items
- Bhutan Expands GST-Exempt Essential Goods to Ease Household Costs
- Bhutan’s Shift from Sales Tax to GST: Key Changes, Impacts, and Compliance Explained
- 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
