| Description |
1 online resource (30 pages) : illustrations (some color), charts, graphs, tables |
| Series |
IMF Country Reports ; no. 14/179 |
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IMF country report ; no. 14/179.
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| 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 |
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C. Export DiversificationTABLE; 1. Share of Selected Goods in Exports 1991 Onwards; D. Policy Options; E. Conclusions; APPENDIX; FIGURES; 1. Sectoral GDP and Employment; 2. Tourism Earnings; REFERENCES |
| Summary |
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 re |
| Bibliography |
Includes bibliographical references |
| Notes |
Online resource; title from PDF cover (ebrary, viewed August 15, 2014) |
| Subject |
Tax administration and procedure -- Bhutan
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Taxation -- Bhutan
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Water-power -- Bhutan
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Economic history
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Tax administration and procedure
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Taxation
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Water-power
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| SUBJECT |
Bhutan -- Economic conditions
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| Subject |
Bhutan
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| Form |
Electronic book
|
| Author |
International Monetary Fund, issuing body.
|
| ISBN |
1498367437 |
|
9781498367431 |
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