N𝐞w B𝐡u𝐭a𝐧 𝐓a𝐱 𝐒y𝐬t𝐞m t𝐨 𝐄n𝐡a𝐧c𝐞 𝐓a𝐱p𝐚y𝐞r S𝐞r𝐯i𝐜e𝐬 The "Improved Compliance" aspect of the Bhutan Integrated Tax System (BITS) is pivotal, as it aims to streamline tax processes and encourage broader participation from both businesses and individuals. By simplifying tax compliance, BITS will facilitate easier and more accurate adherence to tax regulations, ultimately leading to increased revenue collection and a more inclusive tax base. This improvement is essential for fos
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N𝐞w B𝐡u𝐭a𝐧 𝐓a𝐱 𝐒y𝐬t𝐞m t𝐨 𝐄n𝐡a𝐧c𝐞 𝐓a𝐱p𝐚y𝐞r S𝐞r𝐯i𝐜e𝐬 The "Improved Compliance" aspect of …
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6K views · 81 reactions | 퐁퐈퐓퐒 퐎퐟퐟퐢퐜퐢퐚퐥퐥퐲 퐇퐚퐧퐝퐞퐝 퐎퐯퐞퐫 퐭퐨 퐃퐑퐂. The Bhutan Integrated Tax System (BITS) has been officially handed over to the Department of Revenue and Customs (DRC) by Data Torque Limited. This modern, automated, and AI-enabled platform unifies GST, Excise, and Income Tax, making tax administration faster, simpler, and more transparent. | Bhutan Today | Facebook
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Tutorial: Login to the Property Tax System with Bhutan NDI.
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The Finance Minister proposed reducing the tax rate for transfer of property today in the National Assembly. According to the Property Tax Bill of Bhutan 2020, the land transfer tax will be reduced from 5 per cent to 3 per cent and the Vehicle transfer tax from 5 per cent to 1 per cent. The Good Governance Committee of the House will submit their recommendations and findings on the property tax transfer rate which will be deliberated on 7th February. The Speaker asked the house to endorse the bi
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CONCESSIONS While deliberating on the Property Tax Bill of Bhutan 2022, I supported the Hon’ble Tempa Dorji's proposal to consider a 90% concession for other cultivatable lands besides registered Chhuzhing land. Furthermore, I proposed to the House either to waive off or provide a concession of 95% of the amount of land tax payable on land, including Tsamdro, shall be granted for Highland communities as identified by respective Dzongkhags. 📹: National Council of Bhutan | Dorji Khandu
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39K views · 1.7K reactions | Why Tax on the Protected Traditional Houses? I raised concerns with regard to Section 22 of the Property Tax Bill of Bhutan 2022, which states that subject to any conditions prescribed in the Rules made under this Act, 70% of the amount of building tax payable on Protected Traditional Houses in urban centres shall be remitted. : National Council of Bhutan | Dorji Khandu | Facebook
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𝐆𝐒𝐓 𝐭𝐨 𝐑𝐞𝐩𝐥𝐚𝐜𝐞 𝐒𝐚𝐥𝐞𝐬 𝐓𝐚𝐱 𝐢𝐧 𝐁𝐡𝐮𝐭𝐚𝐧 𝐟𝐫𝐨𝐦 𝐉𝐚𝐧 𝟐𝟎𝟐𝟔, 𝐁𝐨𝐨𝐬𝐭𝐢𝐧𝐠 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲 𝐚𝐧𝐝 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲
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