Bhutan’s Department of Revenue and Customs (DRC) has published a notification from the Ministry of Finance on the enforcement of the Fiscal Incentives (Amendment) Act of Bhutan 2022. This includes an amendment to the Fiscal Incentives Act of Bhutan 2021 to repeal the concessionary Customs Duty rate of 3% on permissible raw material and primary packaging material. The Fiscal Incentives (Amendment) Act of Bhutan 2022 entered into force on 8 June 2022.
Source Orbitax
Latest Posts in "Bhutan"
- Bhutan to Implement 5% GST in January 2026, Ending Sales Tax Exemptions
- Global VAT Highlights: Key Tax Developments in July 2025
- GST Bill 2025 Passed by National Assembly
- Bhutan to Implement GST Next Year, Modernizing Tax System with 7% Uniform Rate
- Bhutan Revises Sales Tax and Customs Duty Rates for Inflation