February 05, 2014
Today, the House unanimously ratified the convention on Establishing Multilateral Investment Guarantee Agency (MIGA) and the Double Tax Avoidance Agreement between the Royal Government of Bhutan and the Government of the Republic of India.
While the House endorsed the convention as well as the agreement, the only sticking point in the double tax avoidance agreement was the clause which states:
“If he is a national of both states or of neither of them, the competent authorities of the Contracting states shall endeavor to settle the question by mutual Agreement”.
This was because dual citizenship is not permitted to a Bhutanese citizen according to Article 6 Section 5 of the Constitution of the Kingdom of Bhutan. The Minister of Finance agreed to provide a written answer after conducting a study. Read More »
February 4, 2014
The House continued its deliberation on the Tobacco Control (Amendment) Bill of Bhutan 2014. While the House adopted most of the recommendations proposed by the Legislative Committee, some of the other clauses were debated at length and changes were proposed accordingly.
With regard to sale of tobacco products to those below eighteen years of age, some of the members were of the view that similar to restrictions on alcohol, ground reality might impede the implementation of the clause. Similarly, some members felt that punitive action/s should be clearly outlined in the rules and regulations if the dealers were found violating the clause. Read More »