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Bhutan: Tax developments in response to COVID-19

General Information

This page offers an overview of tax developments being reported globally by KPMG member firms in response to the Novel Coronavirus (COVID-19).

The content will be updated regularly. However, due to the fast-moving pace of change, it may not always reflect the most current developments in a given jurisdiction. Please refer to the date of accuracy and refer to the relevant links, under additional information, for original source information.

Date accurate as of: 16 April 2020

The Ministry of Finance announced tax relief measures in response to the coronavirus (COVID-19) pandemic. 

Fiscal measures

  • Extension of Tax Filing and Deferral of Tax Payments: BIT and CIT filing and tax payment for the income year 2019 will be deferred until 30 June 2020. Guidelines for online filing and payment of BIT/CIT can be downloaded from Ministry of Finance’s website
  • Accounts Filers (BIT & CIT)
    • All tax returns are to be filed on-line using the RAMIS.
    • All tax payments are to be made on-line, through the Internet Banking, mBOB and mPAY.

Small and Micro Businesses (Not covered under Fiscal Incentives)

  • Businesses whose tax liabilities have already been assessed should deposit BIT on-line.
  • Businesses whose tax liabilities are yet to be assessed can deposit BIT equal to IY 2018 tax as provisional. In case of any additional tax liabilities, concerned RRCOs will contact taxpayers.
  • Tax payments are to be transferred into BoB A/c  No.100891537, or, BNB A/c No.0000025482018, using “Funds Transfer” icon from mBOB and mPAY. 
  • Indicate TPN and Trade License numbers in the Remarks column for identification of taxpayers making the deposits, and retain screenshots copies of payments for reference. 

The respective RRCOs will issue acknowledgements for receipts of tax payments.

Tax clearance certificates will be issued on-line. 

Additional information regarding employment-related measures, economic stimulus measures and other measures.