Bhutan's corporate income tax rate of 30% and its diverse range of business taxes reflect the country's efforts to create a sustainable and balanced economy. Businesses operating in Bhutan should familiarize themselves with corporate income tax, personal income tax, GST, customs duties, excise duty, and any relevant industry-specific taxes. Seeking guidance from tax professionals and referring to the official Bhutanese tax authority website will ensure compliance with tax obligations and enable businesses to thrive in this unique Himalayan nation.
Bhutan's corporate income tax is based on the Income Tax Act of Bhutan, which governs the taxation of corporate entities. As of the knowledge cutoff date in September 2021, the corporate income tax rate in Bhutan is a flat 30%. This rate applies to both resident and non-resident companies conducting business activities in the country.
For comprehensive information on business taxes and to stay up to date with the latest tax regulations in Bhutan, it is recommended to visit the official website of the Bhutanese tax authority.
Bhutanese Tax Authority Website: Official Bhutanese Tax Authority Website