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Bhutan has regulated corporations since 1989, most recently under the Companies Act of 2000. [5] These regulations include taxation of corporate income. [5]: pp. 112–3, 120–1 As of 2011, Bhutan's Corporate Income Tax rate was 30 percent on net profits; in addition, the Business Income Tax was another 30 percent on net profits. [6] [7]
Ministry of Finance (Dzongkha: དངུལ་རྩིས་ལྷན་ཁག།; Wylie: dngul rtsis lhan khag) is a ministry of Bhutan is responsible to steer and sustain a robust economy through a dynamic fiscal policy and strong culture of fiscal discipline. [2]
The Bank of Bhutan which handled all commercial banking business in Bhutan also extended credit to the Government; financed other Government organizations against Government guarantees, and was the conduit through which Ngultrum notes and coins were issued to the public.
The Bhutan InfoComm and Media Authority (BICMA) is the result of the merger of the Media Council of Bhutan and the National Film Commission. It will function as the secretariat for the Authority and be administratively under the MoICE. Likewise, the Bhutan Standards Bureau has been merged into the MoICE and will serve as the Bureau's ...
The Audit Authority is tasked with auditing the accounts of all departments and offices of the Government, and wherever public funds are used including the police and defence forces. The Auditor General submits an annual report to the King, the Prime Minister and Parliament.
Bhutan's king appointed a nine-member interim government on Wednesday to oversee the Himalayan nation's parliamentary election, to be held within three months, a palace statement said. The free ...
Bhutanese legislation is created by the bicameral Parliament of Bhutan.Either the Monarch Druk Gyalpo or the non-partisan house National Council or the seat of the Government National Assembly may admit bills into Parliament to be passed as acts, with the exception of money and financial bills, which are the sole purview of the National Assembly.
Government ministers of Bhutan (12 C, 1 P) Government ministries of Bhutan (11 P) Bhutanese monarchy (8 C, 19 P) P. Parliament of Bhutan (4 C, 4 P) S.