Jul 9, 2010
tweety
I will be out of my desk to attend a VERCON user training at Paro...from 11th till the 15th....
Jul 6, 2010
now my work burden increased a little more
With the responsibility of the Annual Report 09-2010 on my head with no idea of the work done in the previous season, i am experiencing the real heat...
Jul 1, 2010
Strom over revision of Taxes
Courtesy: Kuensel
The national assembly (NA) passed the 2010-11 budget yesterday, after a heated debate on whether the government had the authority to revise taxes, and the two opposition members not endorsing the budget.
On presenting the revised taxation policies, as part of the budget report, the finance minister, Lyonpo Wangdi Norbu, said that his presentation was only to inform the house of how the government planned to broaden the tax base. Existing tax legislation empowered the government to make changes in the levy of taxes, without the seeking parliament approval, he told the assembly.
This, the opposition leader, Tshering Tobgay, vehemently opposed saying that such a unilateral decision by the government went against the Constitution, as well as existing laws.
The opposition leader said that section 9 of the public finance act of Bhutan 2007 clearly stated that raising of revenues through taxes shall be authorised by parliament, and that section 14 (b) says that the finance minister shall be responsible to propose the taxation measures to parliament.
He also referred to section 14 (1) of the Constitution, which states that taxes, fees and other forms of levies shall not be imposed or altered except by law.
Tshering Tobgay also said that section 2 of the public finance act says it will supersede all laws that are inconsistent with its provisions, and therefore the public finance act should prevail over the sales, customs and excise act 2000.
“What the finance minister has done goes against the Constitution and existing laws and he should therefore resign,” said the opposition leader.
The speaker directed Chukha MP Ugay Tshering to go and cross check with ministry officials, if they had broken any law in revising the taxation polices.
He returned after 20 minutes to say that the finance ministry had done everything in line with existing laws.
Ugay Tshering quoted chapter 3 section 4.2 (part I) and section 6.1 (part II) of the sales tax, customs and excise act 2000, which states that fixation of the rates of sales tax and customs tariff and any revision thereof, and the range of commodities and services under the sales tax schedule shall be approved by the royal government of Bhutan.
The MP also said that three amendments proposed to the income tax act that was recently passed by the assembly was brought to parliament for approval, because it was inconsistent with the public finance act of Bhutan. “With regard to the sales tax, customs and excise act 2000, it isn’t inconsistent with the public finance act of Bhutan,” he said.
The opposition leader left the hall before the end of the budget report discussions, which hurried to a close, once the chapter on the rationalisation of taxes was done with.
By Phuntsho Wangdi
The national assembly (NA) passed the 2010-11 budget yesterday, after a heated debate on whether the government had the authority to revise taxes, and the two opposition members not endorsing the budget.
On presenting the revised taxation policies, as part of the budget report, the finance minister, Lyonpo Wangdi Norbu, said that his presentation was only to inform the house of how the government planned to broaden the tax base. Existing tax legislation empowered the government to make changes in the levy of taxes, without the seeking parliament approval, he told the assembly.
This, the opposition leader, Tshering Tobgay, vehemently opposed saying that such a unilateral decision by the government went against the Constitution, as well as existing laws.
The opposition leader said that section 9 of the public finance act of Bhutan 2007 clearly stated that raising of revenues through taxes shall be authorised by parliament, and that section 14 (b) says that the finance minister shall be responsible to propose the taxation measures to parliament.
He also referred to section 14 (1) of the Constitution, which states that taxes, fees and other forms of levies shall not be imposed or altered except by law.
Tshering Tobgay also said that section 2 of the public finance act says it will supersede all laws that are inconsistent with its provisions, and therefore the public finance act should prevail over the sales, customs and excise act 2000.
“What the finance minister has done goes against the Constitution and existing laws and he should therefore resign,” said the opposition leader.
The speaker directed Chukha MP Ugay Tshering to go and cross check with ministry officials, if they had broken any law in revising the taxation polices.
He returned after 20 minutes to say that the finance ministry had done everything in line with existing laws.
Ugay Tshering quoted chapter 3 section 4.2 (part I) and section 6.1 (part II) of the sales tax, customs and excise act 2000, which states that fixation of the rates of sales tax and customs tariff and any revision thereof, and the range of commodities and services under the sales tax schedule shall be approved by the royal government of Bhutan.
The MP also said that three amendments proposed to the income tax act that was recently passed by the assembly was brought to parliament for approval, because it was inconsistent with the public finance act of Bhutan. “With regard to the sales tax, customs and excise act 2000, it isn’t inconsistent with the public finance act of Bhutan,” he said.
The opposition leader left the hall before the end of the budget report discussions, which hurried to a close, once the chapter on the rationalisation of taxes was done with.
By Phuntsho Wangdi
Jun 23, 2010
Jun 18, 2010
world cup saga
Everyone is talking about world cup without realizing that we are only getting older....
Jun 17, 2010
the rain 17th June 2010
I was watching the BBS news. People lying along the belt of Wangdi and Punakha became desperate for rain and the local people came together to please the local deities...internally i thought what a stupid thing our people are doing but to my surprise it rained that evening and rain is still pouring hard. our farmers now can transplant happily and see more power in the local offering..even i am convinced.
Jun 16, 2010
May 17, 2010
17/5/2010
Funny thought for the day
* If you can start the day without caffeine.
* If you can get going without pep pills.
* If you can always be cheerful ignoring aches and pains.
* If you can resist complaining and boring people with your troubles.
* If you can eat the same food every day and be grateful for it.
* If you can understand when your loved ones are too busy to give you any time.
* If you can overlook it when those you love take it out on you when through no fault of yours something goes wrong.
* If you can take criticism and blame without resentment.
* If you can ignore a friend's limited education and never correct him.
* If you can resist treating a rich friend better than a poor friend.
* If you can face the world without lies and deceit.
* If you can conquer tension without medical help.
* If you can relax without liquor. thought for day
* If you can sleep without the aid of drugs.
* .....Then you are probably the family dog!
* If you can start the day without caffeine.
* If you can get going without pep pills.
* If you can always be cheerful ignoring aches and pains.
* If you can resist complaining and boring people with your troubles.
* If you can eat the same food every day and be grateful for it.
* If you can understand when your loved ones are too busy to give you any time.
* If you can overlook it when those you love take it out on you when through no fault of yours something goes wrong.
* If you can take criticism and blame without resentment.
* If you can ignore a friend's limited education and never correct him.
* If you can resist treating a rich friend better than a poor friend.
* If you can face the world without lies and deceit.
* If you can conquer tension without medical help.
* If you can relax without liquor. thought for day
* If you can sleep without the aid of drugs.
* .....Then you are probably the family dog!
Apr 30, 2010
end of April
Well well well...I could not update my blog for sometime and i m feeling really bad..I did have time but management is something that always come in between..here after I will try to bring everything in the right tract
Apr 9, 2010
9/4/2010
listening to songs and doing my normal work which i m told to do....i m feeling the heat...days are becoming very warm and really cant fore cast the summer condition. but one thing is for sure...it will be very hot and will make life difficult...lol
Subscribe to:
Posts (Atom)