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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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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