PIT exemption ceiling to be to Nu 300,000 from Nu 200,000

The government has proposed to increase the Personal Income Tax (PIT) ceiling from Nu 200,000 to Nu 3000,000. Finance Minister Namgay Tshering presented the bill at the National Assembly to amend Income Tax Act 2001 and revised Taxes and levies Act 2016 on Thursday. Lyonpo said that the objective of amending the bill was to […]

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Govt. holds Public-Private Dialogue on GST

Following the government’s announcement to introduce Goods and Services Tax (GST) at 7% in the National Assembly, a Public-Private Dialogue on GST was held at the office of the Bhutan Chamber of Commerce & Industry (BCCI) yesterday afternoon. The meeting was attended by the Prime Minister, Finance Minister, parliamentarians, government officials and stakeholders from the […]

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Goods and services price up by more than 2%

Inflation in food and non-alcoholic beverages shot up by 4.34% in November 2019 Rising food prices pushed the retail inflation in November last year to 2.34% from November 2018, states the recent National Statistical Bureau’s consumer price index (CPI) report. It shows that Bhutanese on an average paid 2.34% more for goods and services in […]

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31 e-commerce licenses issued since last year

More are expected to be issued in the coming years with the launch of e-commerce guidelines The Department of Trade has issued 31 e-commerce licenses to operate online based businesses since last year. The department started issuing the licenses from July last year after launching e-commerce policy guidelines. The Department of Cottage and Small Industry […]

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DHI companies get salary raise of an average of 15% higher than Civil Service

Following suit the salary raise of civil servants and State Owned Enterprises (SOEs), Druk Holding and Investments (DHI) and it companies have also raised their salary. DHI and companies raised their salary from 22% to 60%. The DHI board approved the revised pay scale, 20% of basic pay as corporate allowance and 15% of basic […]

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FCB records profit growth of Nu 50mn than last year from potato auction

As the potato auction season ends, the Food Corporation of Bhutan Limited (FCBL) has recorded auction of potato worth Nu 51mn more than the last season through conventional auction. However, the total auction has reduced as compared to the last season. FCB auctioned around 24,200 Metric Ton (MT) of potato this season worth around Nu […]

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Bhutan’s producer prices fall 4.55% in third quarter

Decline in prices of goods in manufacturing sector led to the drop in producer price index (PPI) to 4.55% in the third quarter (July to September) from the previous year, states the National Statistical Bureau (NSB). The PPI measures the average price change of goods and services overtime from producer’s perspective unlike consumer price index […]

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Way Forward for BCCI presented to economic affairs ministry

The vice president of the Bhutan Chamber of Commerce and Industry (BCCI), Tashi Dorji, maintained that the Way Forward report for BCCI submitted to the economic affairs ministry and the subsequent presentation made to the ministry is unique of its kind. The BCCI, meanwhile, presented the Way Forward presentation to the economic affairs minister, Lyonpo […]

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