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Property Tax Act of Bhutan, 2022.

Country/Territory
Bhutan
Document type
Legislation
Date
2022
Source
FAO, FAOLEX
Subject
Land & soil
Keyword
Land tenure Access-to-justice Concession Governance Land valuation Liability/compensation Offences/penalties Tax/levy
Geographical area
Asia, Asia and the Pacific, Landlocked Developing Nations, Least Developed Countries, Southern Asia
Entry into force notes
1st, January, 2023.
Abstract

This Act provides for the levy and collection of property tax in Bhutan. Chapter 1 contains the short title, commencement date and extent. It states that all taxes shall be deposited in the government revenue account and no taxes may be imposed unless provided by the Act. Chapter 2 provides for the rate of land tax and building tax and the persons liable to pay the same. Chapter 3 lays down the criteria for applicability of vacant land tax, the rate and the persons liable to pay such tax. Chapter 4 contains the exemptions and concessions on tax payable. Chapter 5 provides for the procedure to collect and recover taxes including determining the valuation, payment deadline, penalties for late payment and consequences for non-payment of taxes. Chapter 6 establishes an appeal committee and an appeal board and lays down the procedure for appeals against decisions under the Act. Chapter 7 establishes a property valuation division and contains the definitions.

Full text
English/Dzongkha
Website
www.mof.gov.bt