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
3:02
𝐁𝐈𝐓𝐒 𝐎𝐟𝐟𝐢𝐜𝐢𝐚𝐥𝐥𝐲 𝐇𝐚𝐧𝐝𝐞𝐝 𝐎𝐯𝐞𝐫 𝐭𝐨 𝐃𝐑𝐂. The Bhutan Integrated Tax System (BITS) has been officially …
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𝐆𝐒𝐓 𝐭𝐨 𝐑𝐞𝐩𝐥𝐚𝐜𝐞 𝐒𝐚𝐥𝐞𝐬 𝐓𝐚𝐱 𝐢𝐧 𝐁𝐡𝐮𝐭𝐚𝐧 𝐟𝐫𝐨𝐦 𝐉𝐚𝐧 𝟐𝟎𝟐𝟔, 𝐁𝐨𝐨𝐬𝐭𝐢𝐧𝐠 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲 𝐚𝐧𝐝 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 The Department of Revenue and Customs (DRC) has announced major fiscal reforms to modernize Bhutan’s tax system, aiming for greater efficiency, transparency, and improved services. Central to the reforms is the introduction of a 5% Goods and Services Tax (GST), effective 1 January 2026, which will replace the existing Sales Tax. The GST is
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𝐆𝐒𝐓 𝐭𝐨 𝐑𝐞𝐩𝐥𝐚𝐜𝐞 𝐒𝐚𝐥𝐞𝐬 𝐓𝐚𝐱 𝐢𝐧 𝐁𝐡𝐮𝐭𝐚𝐧 𝐟𝐫𝐨𝐦 𝐉𝐚𝐧 𝟐𝟎𝟐𝟔, 𝐁𝐨𝐨𝐬𝐭𝐢𝐧𝐠 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲 𝐚𝐧𝐝 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 The Department of Revenue and Customs (DRC) has announce…
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𝐍𝐞𝐰 𝐆𝐒𝐓: 𝐀 𝐒𝐲𝐬𝐭𝐞𝐦 𝐁𝐮𝐢𝐥𝐭 𝐨𝐧 𝐓𝐫𝐮𝐬𝐭 𝐚𝐧𝐝 𝐒𝐡𝐚𝐫𝐞𝐝 𝐑𝐞𝐬𝐩𝐨𝐧𝐬𝐢𝐛𝐢𝐥𝐢𝐭𝐲 DRC official clarified the new GST today, highlighting trust and cooperation. Businesses now remit taxes, citizens pay responsibly, and the government focuses on transparency rather than enforcement. Officials call this a new era where everyone does their part. #GST #taxreform #public #DRC #ministryoffinance #news
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𝐍𝐞𝐰 𝐆𝐒𝐓: 𝐀 𝐒𝐲𝐬𝐭𝐞𝐦 𝐁𝐮𝐢𝐥𝐭 𝐨𝐧 𝐓𝐫𝐮𝐬𝐭 𝐚𝐧𝐝 𝐒𝐡𝐚𝐫𝐞𝐝 𝐑𝐞𝐬𝐩𝐨𝐧𝐬𝐢𝐛𝐢𝐥𝐢𝐭𝐲 DRC official clarified the new GST today, highlighting trust and …
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𝐃𝐑𝐂 𝐎𝐟𝐟𝐢𝐜𝐢𝐚𝐥 𝐂𝐥𝐚𝐫𝐢𝐟𝐢𝐞𝐬 𝐆𝐒𝐓 𝐟𝐨𝐫 𝐂𝐢𝐭𝐢𝐳𝐞𝐧𝐬: 𝐒𝐢𝐧𝐠𝐥𝐞 𝐓𝐚𝐱 𝐒𝐢𝐦𝐩𝐥𝐢𝐟𝐢𝐞𝐬 𝐒𝐲𝐬𝐭𝐞𝐦 Kuenzang Thinley from the Department of Revenue and Customs (DRC) clarified public misconceptions about the Goods and Services Tax (GST), particularly among rural communities who thought they had never paid taxes before. #GST #TaxReform #public #DRC #MinistryofFinance #pressconference #news | Bhutan Today
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𝐃𝐑𝐂 𝐎𝐟𝐟𝐢𝐜𝐢𝐚𝐥 𝐂𝐥𝐚𝐫𝐢𝐟𝐢𝐞𝐬 𝐆𝐒𝐓 𝐟𝐨𝐫 𝐂𝐢𝐭𝐢𝐳𝐞𝐧𝐬: 𝐒𝐢𝐧𝐠𝐥𝐞 𝐓𝐚𝐱 𝐒𝐢𝐦𝐩𝐥𝐢𝐟𝐢𝐞𝐬 𝐒𝐲𝐬𝐭𝐞𝐦 Kuenzang Thinley from the Department of Revenue and Custo…
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#property Tax link https://pts.drc.gov.bt/ | Department of Revenue and Customs, Thimphu Bhutan
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As concerns grow over unregistered businesses charging GST, the Department of Revenue and Customs (DRC) plans to impose penalties on those that do so illegally. Under the Goods and Services Tax Rules 2026, businesses that falsely present themselves as registered GST entities or offer prices that include an amount of GST will face much heavier penalties, ranging from Nu 50,000 to 1 M. Businesses that fail to comply with notices issued by the DRC or that issue tax invoices without being registered
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As concerns grow over unregistered businesses charging GST, the De…
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𝐃𝐑𝐂 𝐂𝐥𝐚𝐫𝐢𝐟𝐢𝐞𝐬 𝐆𝐒𝐓 𝐨𝐧 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐚𝐧𝐝 𝐁𝐚𝐧𝐤 𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐅𝐞𝐞𝐬 The Department of Revenue and Customs clarified which servi…
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𝐆𝐒𝐓 𝐍𝐨𝐭 𝐑𝐮𝐬𝐡𝐞𝐝: 𝐃𝐢𝐫𝐞𝐜𝐭𝐨𝐫 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐨𝐟 𝐃𝐑𝐂 𝐂𝐥𝐚𝐫𝐢𝐟𝐢𝐞𝐬 𝐏𝐫𝐞𝐩𝐚𝐫𝐞𝐝𝐧𝐞𝐬𝐬 𝐚𝐭 𝐒𝐞𝐜𝐨𝐧𝐝 𝐏𝐫𝐞𝐬𝐬 𝐂𝐨𝐧𝐟𝐞𝐫𝐞𝐧𝐜𝐞 Two weeks after the implementation of the Goods and …
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