The Income tax rates and personal allowances in Bhutan are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Bhutan Tax Calculator 2022.
| Tax Rate | Taxable Income Threshold | ||
|---|---|---|---|
| 0% | Income from Nu 0.000.00 | to | Nu 300,000.00 |
| 10% | Income from Nu 300,000.01 | to | Nu 400,000.00 |
| 15% | Income from Nu 400,000.01 | to | Nu 650,000.00 |
| 20% | Income from Nu 650,000.01 | to | Nu 1,000,000.00 |
| 25% | Income from Nu 1,000,000.01 | to | Nu 1,500,000.00 |
| 30% | Income from Nu 1,500,000.01 | and above | |
| Tax Rate | Taxable Income Threshold | ||
|---|---|---|---|
| 0% | Income from Nu 0.000.00 | to | Nu 300,000.00 |
| 10% | Income from Nu 300,000.01 | to | Nu 400,000.00 |
| 15% | Income from Nu 400,000.01 | to | Nu 650,000.00 |
| 20% | Income from Nu 650,000.01 | to | Nu 1,000,000.00 |
| 25% | Income from Nu 1,000,000.01 | to | Nu 1,500,000.00 |
| 30% | Income from Nu 1,500,000.01 | and above | |
Taxes, including personal income tax, expenses and limitations are reviewed by the Government in Bhutan periodically and typically updated each year. Not that not all tax rates and thresholds in Bhutan change annually, alterations to tax policy to support strategic economic growth in Bhutan mean that the certain areas may be focused on to provide specific tax relief in Bhutan or support growth in certain areas (overseas invstment in Bhutan for example may mean reduced non-resident income tax rates in Bhutan for a period).
When tax policy in Bhutan changes, the resultant tax tables also change. Tax tables in Bhutan are simply a list of the relevent tax rates, fixed amounts and / or threholds used in the computation of tax in Bhutan, the Bhutan tax tables also include specific notes and guidance on the validity of scenarios (for example, qualifying criterea for specific tax relief / allowances) and notes of the calculation of phaseout of specific tax elements within each taxation group (dividends and corporation tax thresholds in Bhutan for example).
Bhutan Tax Tables may also be referred to as Bhutan Tax Slabs, Bhutan personal allowances and tax thresholds or Bhutan business tax rates. They all refer to the tax tables, whether in whole or as specific sections/categories of the tax tables therein. In the section, we publish all 2022 tax rates and thresholds used within the 2022 Bhutan Salary Calculator. This means that if you are aware of a 2022 tax exemption or 2022 tax allowance in Bhutan that you are entitled too BUT it isn't listed here, that we don't allow for it in this version of the Bhutan Salary Calculator. This is simply because we updated our tax calculators based on user feedback, we tailor the Bhutan Salary Calculator to suit our users needs. Our aim is to keep tax calculations in Bhutan simple, we achieve this my making the Bhutan tax calculators relevent to our community's needs, this includes you. So, if you would like a new 2022 tax rates, allowance or threshold adding (or perhaps updating), or if you notice an error in our 2022 tax calculations, simply contact us and we will adjust the tool.
Choose a specific income tax year to see the Bhutan income tax rates and personal allowances used in the associated income tax calculator for the same tax year.