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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]
The Ministry of Home and Cultural Affairs (Dzongkha: ནང་སྲིད་ལྷན་ཁག་; Wylie: nang-srid lhan-khag; "Nangsi Lhenkhag") renamed as Ministry of Home Affairs [1] is the government ministry within the Lhengye Zhungtshog (Council of Ministers) which oversees law and order; the civil administration; immigration services; the issuance of citizenship documents, and other ...
Public finance is backed by the Consolidated Fund, while the monetary system is the purview of the Central Bank. [6] [nb 1] Prior to the establishment of the RMA in 1982, functions relating to central banking were conducted principally by three agencies viz., the Ministry of Finance, State Trading Corporation of Bhutan and Bank of Bhutan.
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In 2022, The High Court of Bhutan upheld the Thimphu Dzongkhag court's verdict, sentencing a senior executive of Druk PNB, to three years in prison for fraudulently remitting Indian currency from Bhutan. In the ruling on December 15 of last year, the officer was found guilty of aiding Indian vendor in remitting Indian rupees from Druk PNB to ...
Shabdrung Ngawang Namgyal instituted the Tsa Yig and the Cho-sid-nyi (dual system) in Bhutan. The Tsa Yig of Shabdrung Ngawang Namgyal laid down the dual system of government of Bhutan, a synthesis of spiritual and temporal authority. Central to the system was a spirit of perfect disinterestedness in the trappings of power.
Ministry of Works and Human Settlement (Dzongkha: གཞི་རྟེན་མཁོ་ཆས་དང་སྐྱེལ་འདྲེན་་ལྷན་ཁག།; Wylie: gzhi rten mkho chas dang skyel 'dren lhan khag) renamed the Ministry of Infrastructure and Transport [1] is a ministry of Bhutan responsible for quality and sustainable infrastructure, efficient transportation services ...
Vehicle license plates in Bhutan are issued and regulated by the Road Safety and Transport Authority of The Royal Government of Bhutan. [1] The current format is XX-N-X0000, where, XX is the type (BP/BT/BG) N is the area code from 1 to 4, Western Bhutan; Central Bhutan; Southern Bhutan; Eastern Bhutan; X is a letter from A-Z, and; XXXX is the ...