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Finance Ministry working on making vehicle quota accessible and equitable

July 3, 2023
in Business, Economy, Other Stories
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The Finance Ministry is currently working on a vehicle quota policy that is accessible and equitable to all citizens. This was shared during the Meet the Press session held last week by the finance minister who said it is a part of the tax reforms. The minister added that vehicle quotas should not be seen as an additional monetary benefit for purchasing cars but rather as an exemption from sales tax and customs tax. Lyonpo raised concerns about combining vehicle quota with pay revision, as these are matters that require separate consideration. The vehicle quota for civil servants and Members of Parliament was removed from the Pay Restructure Reform Bill of Bhutan 2022 last year.

𝗙𝗶𝗻𝗮𝗻𝗰𝗲 𝗠𝗶𝗻𝗶𝘀𝘁𝗿𝘆 𝘄𝗼𝗿𝗸𝗶𝗻𝗴 𝗼𝗻 𝗺𝗮𝗸𝗶𝗻𝗴 𝘃𝗲𝗵𝗶𝗰𝗹𝗲 𝗾𝘂𝗼𝘁𝗮 𝗮𝗰𝗰𝗲𝘀𝘀𝗶𝗯𝗹𝗲 𝗮𝗻𝗱 𝗲𝗾𝘂𝗶𝘁𝗮𝗯𝗹𝗲The Finance Ministry is currently working on a vehicle quota policy that is accessible and equitable to all citizens. This was shared during the Meet the Press session held last week by the finance minister who said it is a part of the tax reforms. The minister added that vehicle quotas should not be seen as an additional monetary benefit for purchasing cars but rather as an exemption from sales tax and customs tax. Lyonpo raised concerns about combining vehicle quota with pay revision, as these are matters that require separate consideration. The vehicle quota for civil servants and Members of Parliament was removed from the Pay Restructure Reform Bill of Bhutan 2022 last year.#thimphu #bbs #news #asia #druk #media #bhutan #bhutanese

Posted by BBS on Monday, July 3, 2023

Kinzang Lhadon

Edited by Sonam Pem

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