European Parliament Library

Bhutan :, Selected Issues

Abstract
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
Table Of Contents
Cover; CONTENTS; OPTIONS FOR TAX REFORMS IN BHUTAN; A. Introduction; TABLES; 1. Eleventh Five Year Plan Fiscal Projections; B. Role of Hydropower; C. The Current Structure of Taxes; 2a. Structure of Taxes; 2b. Structure of Tax Rates; D. Indirect Tax Reform; BOX; 1. Issues with Existing Indirect Tax System; 3. Foregone Taxes; E. Summary and Conclusions; REFERENCES; RESERVE ADEQUACY AND RESERVE MANAGEMENT IN BHUTAN; A. Introduction; B. Reserve Adequacy; C. Reserve Management Issues; D. Conclusions; REFERENCES; GROWTH AND DIVERSIFICATION IN BHUTAN; A. Introduction; B. Domestic Economy and Growth
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (30 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781498399760

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