The Finance Minister proposed to defer the implementation of the Goods and Services Tax (Amendment) Bill of Bhutan 2022, for two years. The Minister said this is because of the current economic situation of the country and the operational readiness of the Bhutan Integrated Taxation System. The Bill was supposed to be implemented this July. GST is said to be the main tool to address tax leakages.
Source: theworldnews.net
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
