The Bhutan Broadcasting Service Reports that the country’s Department of Revenue and Customs is investigating suspected tax evasion by a number of education agencies (aka education consultancy businesses).
A government study in 2021 on the tax compliance of education consultancy and placement firms indicated tax evasion of approximately Nu 45,000,000 (US$600,000) between 2014 and 2019.
In a meeting last year in Thimphu – Bhutan’s largest city – between the Revenue Intelligence Division of the Department of Revenue and Customs and target agencies, the agencies were told that if they re-declared misreported incomes, fines and penalties would be reduced. In response 39 education agencies re-declared their incomes.
The investigation is ongoing.
Source: BBS