Cover Image
Read Now

Bhutan Selected Issues

This Selected Issues paper describes the current tax system in Bhutan and suggests options for tax policy reform. Though significant hydropower revenues are expected in the medium term as major projects come on-stream, reforms to the existing tax system in the interim will generate fiscal room and p...

Full description

Bibliographic Details
Corporate Author: International Monetary Fund Asia and Pacific Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2014
Series:IMF Staff Country Reports
Subjects:
Revenue Administration
Debt Service
Public Finance & Taxation
Taxes
Hospitality, Leisure & Tourism Industries
Trade: General
Exports And Imports
International Economics
International Lending And Debt Problems
External Debt
Income And Capital Gains Taxes
Business Taxes And Subsidies
International Trade
Taxation, Subsidies, And Revenue: General
Exports
Consumption Taxes
Banks And Banking
Corporate & Business Tax
Corporate Taxation
Banking
Personal Income And Other Nonbusiness Taxes And Subsidies
Taxation
Public Finance
Spendings Tax
Income Tax
Revenue
Bhutan
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This Selected Issues paper describes the current tax system in Bhutan and suggests options for tax policy reform. Though significant hydropower revenues are expected in the medium term as major projects come on-stream, reforms to the existing tax system in the interim will generate fiscal room and prevent recourse to domestic debt to finance development needs. Key reforms include reducing tax exemptions in the near term and introduction of value-added tax in the medium term. The paper also analyzes the adequacy of international reserves in Bhutan using a customized risk-weighted metric. The results indicate that Bhutan’s reserve levels are ample
Physical Description:29 pages
ISBN:9781498342254

Similar Items