Bhutan Prepares for GST Rollout from January 1, 2026 The Ministry of Finance is gearing up for the launch of the Goods and Services Tax (GST) with key initiatives already underway. System testing and user training are in progress, with taxpayer training scheduled for October 2025. Draft GST rules are under review, while media advocacy campaigns are set to raise public awareness. Over 2,200 businesses have been contacted for compulsory registration, and additional manpower is being recruited to e
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Bhutan Prepares for GST Rollout from January 1, 2026 The Ministry …
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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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Corporate Income Tax Rate Reversal in National Assembly
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𝐁𝐈𝐓𝐒 𝐎𝐟𝐟𝐢𝐜𝐢𝐚𝐥𝐥𝐲 𝐇𝐚𝐧𝐝𝐞𝐝 𝐎𝐯𝐞𝐫 𝐭𝐨 𝐃𝐑𝐂. 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
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𝐁𝐈𝐓𝐒 𝐎𝐟𝐟𝐢𝐜𝐢𝐚𝐥𝐥𝐲 𝐇𝐚𝐧𝐝𝐞𝐝 𝐎𝐯𝐞𝐫 𝐭𝐨 𝐃𝐑𝐂. The Bhutan Integrated Tax System (BITS) has been officially …
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𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐏𝐫𝐞𝐩𝐚𝐫𝐞𝐬 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬 𝐟𝐨𝐫 𝐒𝐦𝐨𝐨𝐭𝐡 𝐆𝐒𝐓 𝐓𝐫𝐚𝐧𝐬𝐢𝐭𝐢𝐨𝐧 With GST set to roll out in January 2026, the government is t…
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