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Bhutan Provides Annual Tax Return Filing Extension for COVID-19

22 March 2022

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Approved Changes

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Bhutan

Bhutan's Department of Revenue and Customs (DRC) has issued a notification dated 14 March 2022, which provides an extension for the submission of tax returns for personal income tax (PIT), business income tax (BIT), and corporate income tax (CIT) for the 2021 income tax year as follows: PIT filing date extended to 30 April 2022; and BIT and CIT filing date extended 31 May 2022. The notification also requests all taxpayers to file their tax returns online and notes that filing after the extended deadlines will result in penalties of BTN 100 per day and 24% penal interest on tax...