The government is set to replace the existing Bhutan Integrated Taxation System (BITS) with a new system, but with the same name. The new system is almost ready and will support the long-awaited implementation of the Goods and Services Tax (GST). Although the GST Act was passed in 2020, its rollout has been delayed due to the COVID-19 pandemic and technical problems with the earlier version of BITS. This update was shared during a press conference today for the upcoming National Assembly session.
The Bhutan Integrated Taxation system was developed spending Nu 119 M. A new tax system is being developed. Nothing concrete came out of the earlier system,” said Sonam Tashi, Chairperson, Public Accounts Committee.
The GST was introduced as a reform to modernise and simplify Bhutan’s tax system, aiming to create a more streamlined process for businesses and consumers.
“The GST was endorsed by the previous government. However, if it is implemented in its current form, it may lead to certain challenges under present circumstances. Therefore, we will be deliberating on the matter on the 27th of this month,” added Sonam Tashi, Chairperson, Public Accounts Committee.
The government will also table the Income Tax Bill of Bhutan 2025, the Excise Tax Bill of Bhutan 2025, the Budget Appropriation Bill for FY 2025-26, the Supplementary Budget Bill for FY 2024-25, the Livestock Bill of Bhutan 2025 and the Cooperative and Farmers groups Bill of Bhutan 2025.
The Alternative Dispute Resolution (Amendment) Bill of Bhutan 2024 which is a private member bill will also be discussed.
The joint sitting will deliberate on the Marriage (Amendment) Bill of Bhutan 2024 and the National Assembly (Amendment) Bill of Bhutan 2024.
International agreements on the Free Trade Agreement between Bhutan and Thailand, the BIMSTEC Agreement on Maritime Transport, and the BIMSTEC Convention on Mutual Legal Assistance will be discussed.
Several petitions from Local Governments and constituencies will be addressed.
“During constituency visits by Members of Parliament and through input from local governments, several issues were raised. After discussing and analysing these matters in the house, we have identified six key issues raised by the local governments and the people,” said Sangay Khandu, Deputy Speaker, National Assembly.
Additionally, committee reports will be presented on the Economic Stimulus Programme, cost-sharing in the RNR sector, and issues within the education system.
The session will also present action-taken reports on the past resolutions and discuss audit review reports. Outlining the nation’s progress and challenges, the Prime Minister will present the State of the Nation report.
The Parliament will begin this Friday and end on 3rd July.
Kinzang Lhadon
