Paying Taxes in Bhutan

The table below addresses the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year in Bhutan, as well as measures of administrative burden in paying taxes.

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Tax or mandatory contributionPayments (number)Notes on PaymentsTime (hours)Statutory tax rateTax baseTotal tax rate (% profit)Notes on TTR
Corporate income tax2 25030.0%taxable profit35 
Property tax1 -7500.0%per unit2.9 
Health insurance contribution12 241.0%gross salaries1.1 
Business license1 -varies from BTN 700 to 25,000 0.8 
Vehicle tax1 -fixed fee (BTN 13,000) 0.6 
Tax on interest0 -5.0%interest income0.1 
Stamp duty1 -BTN 10per signature small amount
Totals:18 274  40.6 


Notes:
Name of taxes have been standardized. For instance income tax, profit tax, tax on company's income are all named corporate income tax in this table.
The hours for VAT include all the VAT and sales taxes applicable.
The hours for Social Security include all the hours for labor taxes and mandatory contributions in general.