[ad_1]
Vehicle prices have risen sharply and residents have suffered greatly. The previous government, the Bhutan United Front (BUF), decided to raise taxes when the problem was serious at the time, and “revolution is inevitable,” said.
The increase in vehicle prices is due to changes in the tax bill which has led to a significant increase in vehicle prices in the country.
For example, a popular car, the Alto K10 LSI, is now priced at Rs.
The current government has increased the price of cars because the previous government increased taxes, it depends.
Finance Minister Leski Rinpoche said the current government had approved new taxes and vehicle prices, but the third government had not increased vehicle prices.
According to a statement issued by the Bhutan United Front (BUF) yesterday, the Bhutan United Front (BUF) has been in power since the beginning of this year, “and has encountered inconveniences and challenges, which is why tax reforms are necessary,” he said.
The party said the country’s economy had been affected by the COVID-19 epidemic during its term and the livelihoods of the people of the country were threatened, making it difficult for the government to make decisions, “which is a style.”
Political adventure is not the nature of our party nor is it a political goal, but the situation. The Bhutan United Front (BUF) said the decision was taken based on the needs of the people.
The party said that in addition to the economic impact of the epidemic and the Ukraine-Russia war, a large amount of imports and foreign exchange reserves have also been affected.
The party said the situation was made worse by the fact that foreign exchange reserves were falling and the government would have to review its tax bill in 2022.
The tax reform not only increased revenue but also modernized the tax system, with the Party designing examples of tax cuts on daily necessities and green electricity.
These measures include national green enhancement and digital competitiveness targets and programs.
However, the Bhutan United Front (BUF) said that apart from the tax review, the increase in vehicle prices was also driven by the increase in prices in production, transportation, foreign exchange, etc. He said that it has been completed.
The current government has relaxed the vehicle ban without a proper review of vehicle prices and taxes. The Bhutan United Front (BUF) has condemned the release.
The association said if “this is a good thing to do,” then it should be carefully considered before making such a decision, he said.
Taxation is vital for economic growth of a country and increase in property tax has therefore increased revenue.
Ugyen Dorje
[ad_2]
Source link
