|
[media id=742 width=320 height=260]
|
|---|
Small and medium scale shops of Thimphu are levied taxes on a lump sum basis. These enterprises do not maintain a book of accounts as the customs officials do not ask for it at the time of the assessment. There are only a handful of shops in Thimphu, which maintain the book of accounts for the purpose of Business Income Tax (BIT).
This lead to a discussion in our studio, yesterday.
