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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]
Bhutan's hydropower potential and its attraction for tourists are key resources. The Bhutanese Government has made some progress in expanding the nation's productive base and improving social welfare. In 2010, Bhutan became the first country in the world to ban smoking and the selling of tobacco. In order to stamp out cross-border smuggling ...
Bhutan, [a] officially the Kingdom of Bhutan, [b] [14] (Dzongkha: འབྲུག་རྒྱལ་ཁབ; Wylie: 'Druk gyal khab) is a landlocked country in South Asia situated in the Eastern Himalayas between China in the north and India in the south, with the Indian state of Sikkim separating it from neighbouring Nepal.
Democratization in Bhutan has been marred somewhat by the intervening large-scale expulsion and flight of Bhutanese refugees during the 1990s; the subject remains somewhat taboo in Bhutanese politics. [1] Bhutan was ranked 13th most electoral democratic country in Asia according to V-Dem Democracy indices in 2023 with a score of 0.535 out of 1 ...
Kuensel is published from the capital, Thimphu, and Kanglung, Trashigang, in eastern Bhutan where a press was set up in 2005. This has ensured that the paper is available in all districts on the day of publication. Kuensel was the sole newspaper in Bhutan up until April 2006 when it was joined by the Bhutan Times (and by the Bhutan Observer in ...
Bhutan is located between the Tibet Autonomous Region of China and India on the eastern slopes of the Himalayas in South Asia. [1] Dzongkhags are the primary subdivisions of Bhutan. They possess a number of powers and rights under the Constitution of Bhutan, such as regulating commerce, running elections, and creating local governments.
Immigration to Bhutan has an extensive history and has become one of the country's most contentious social, political, and legal issues. Since the twentieth century, Bhutanese immigration and citizenship laws have been promulgated as acts of the royal government, often by decree of the Druk Gyalpo on advice of the rest of government.
Bhutan agreed to return to its pre-1730 boundaries, paid a symbolic tribute of five horses to Britain, and, among other concessions, allowed the British to harvest timber in Bhutan. Subsequent missions to Bhutan were made by the British in 1776, 1777, and 1783, and commerce was opened between British India and Bhutan, and, for a short time, Tibet.