Ministry Of Finance, BHUTAN

Shortlisted candidates for the World Bank Internship,post of First Secretary, PM Geneva,post of Sr. Program Officer(P3 A), PED MoF Scct,and for the post of Sr.Planning Officer(P3 A), PPD, MOF SCCT. (2012-Sep-13)

>> Ministry of Finance announces the Shortlisted candidates for the World Bank Internship, post of First Secretary, PM Geneva, post of Sr. Program Officer(P3 A), PED MoF Scct. and for the post of Sr.Planning Officer(P3 A), PPD, MOF SCCT (2012-Sep-13)

Announcement-Certificate in Procurement Compliance Training (November, 2012) (2012-Sep-13)

The Public Procurement Policy Division (PPPD), Ministry of Finance is pleased to announce that a Certificate in Procurement Compliance Training for in-service Procurement personnel will be conducted by the Royal Institute of Management, Simtokha in four batches as follows: 1st batch 19-23 November 2012 2nd batch 26-30 November 2012 For further details please contact the PPPD at 336962.

Air Ticketing Quotation for September, 2012 (2012-Sep-06)

>> Air Ticket Quotation 18 Sept 2012 (2012-Sep-18)

>> Air Ticket Quotation 12 Sept 2012 (2012-Sep-12)

>> Air Ticket Quotation 05 Sept 2012 (2012-Sep-05)

>> Air Ticket Quotation 04 Sept 2012 (2012-Sep-04)

Interview Results for the post of PA (27/08/12) (2012-Sep-04)

>> Result for the post of Personal Assistant(s) (S5 A), MoF SECT (2012-Aug-27)

Air Ticketing Quotation for August, 2012 (2012-Aug-27)

>> Air Ticket Quotation 27 Aug 2012 (2012-Aug-27)

>> Air Ticket Quotation 15 Aug 2102 (2012-Aug-15)

Candidates shortlisted for the post of PA, MoF Secretariat (14/08/2012) (2012-Aug-15)

>> List of candidates shortlisted for the post of Personal Assistant(S5 A), MoF Secretariat (2 posts) (2012-Aug-14)

Interview Result of various Posts (held on 8th & 10th Aug 2012) (2012-Aug-14)

>> Interview Result of various Posts (Interview held on 8th & 10th Aug 2012) (2012-Aug-14)

Danida Fellowship Program (8/08/2012) (2012-Aug-14)

>> The HRD, Ministry of Finance has received short course offer from Danida fellowship centre for the various courses. (2012-Aug-08)

Shortlisting for Store asst. and Driver (1/08/2012) (2012-Aug-08)

>> List of candidates shortlisted for the post of Store Asst. (S5 A) and Driver (04 A) (2012-Aug-02)

Shortlisting for Jt. Collector, Research and Procurement (2/08/2012) (2012-Aug-02)

>> List of shortlisted candidates for the post of Jt. Collector (P2- A), Sales Tax Division, DRC (2012-Aug-02)

2012-2013 Budget Notification (2012-Aug-02)

>> Budget Notification 2012-2013(Dzo) (2012-Jul-30)

>> Budget Notification 2012-2013(Eng) (2012-Jul-30)

DFM Recruitment, July 2012 (2012-Jul-30)

>> Placement of Diploma in Financial Management Graduates to various Agencies with effect from 1st July 2012 (2012-Jul-20)

Shortlisted candidates for dy. Chief Accounts Officer (12/07/2012) (2012-Jul-20)

>> The following candidates are shortlisted against various posts announced by the Ministry and are requested to report on 17th July , 2012 at 9:30am at MoF conference hall, for selection interview (2012-Jul-12)

Transfer Vacancy Announcement, PMB, Geneva, 2012 (2012-Jul-12)

>> The Ministry of Finance is pleased to announce the foreign transfer vacancy for the following position. (2012-Jul-10)

Vacancy Announcement (16th June, 2012) (2012-Jul-10)

>> The Ministry of Finance is pleased to announce the following vacancies (2012-Jun-20)

Announcement of Graduate Requisition, 2012 (8/06/2012) (2012-Jun-20)

>> In accordance with RCSC letter vide RCSC/HRMD/5/2012/3829, dated 6th June 2012, HRD, MoF would like to inform Ministries/Departments/Divisions/Agencies, etc that the deadline for submission of Graduate Requisition 2012 is latest by July, 13, 2012 to RCSC. (2012-Jun-08)

VACANCY ANNOUNCEMENT for GPPMD (1/06/2012) (2012-Jun-08)

>> The Ministry of Finance is pleased to announce the vacancies for the following positions. (2012-Jun-01)

Government of Japan/Monbukagakusho Scholarship for the academic year 2013 (2012-Jun-01)

The HRD, MoF, would like to inform the eligible interested employees of finance personnel to apply for the above scholarship through HRD for onward submission to RCSC. Kindly note the eligibility criteria of BCSR 2010 including the above scholarship criteria.

GoI Postgraduate Scholarship announced by RCSC (30/05/2012) (2012-May-30)

>> GoI scholarship for Aug 2012 intake announced by RCSC (2012-May-30)

GoI scholarship for Bachelor of Commerce (17th May, 2012) (2012-May-30)

>> GoI Scholarship for B.Com for MoF, Slot: 5 nos. for July 2012 intake; deadline (MoF: 29/5/2012, RCSC: 5/6/2012) (2012-May-24)

Interview Result held on 24th April 2012 (26/04/2012) (2012-May-24)

>> Interview Result held on 24th April 2012 (2012-Apr-26)

Launching of PGCM Course by RIM (20/04/2012) (2012-Apr-26)

>> Launching of PGCM Course by RIM (2012-Apr-20)

GOI scholarship for finance officials (19/03/2012) (2012-Apr-20)

>> GOI scholarship for Finance officials (2012-Mar-19)

Submission of Promotion Forms for July 2012 (2012-Mar-19)

>> The HRD, Ministry of Finance would like to request all the Department's Head to submit the promotion proposal form for July 2012 on or before 30th April 2012 to the HRD, MoF. (2012-Mar-09)

Announcement-Finance employees to submit soft copy of passport to RCSC as per the names attached (2012-Mar-09)

>> Finance employees to submit soft copy of passport to RCSC as per the names attached (2012-Feb-15)

GRIPS Scholarship programme 2012-13 (2012-Feb-15)

>> Kindly find enclosed herewith various offer for scholarships under GRIPS scholarship Programme (2012-2013). (2012-Feb-10)

Feedback on Draft BCSR 2012 (20th jan, 2012) (2012-Feb-10)

The HRD, MoF, would like to request all the Finance Personnel to kindly download the Draft BCSR 2012, and accordingly review the draft for proving feedback/views/recommendation to the RCSC latest by 30th September 2012 through Hard copy or by online (RCSC website); or you may submit to HRD, MoF, for final compilation to RCSC by end of Aug 2012. The copy of RCSC announcement is attached herewith for reference

>> Draft BCSR 2012 (2012-Jan-20)

2nd phase of Chiphen Rigphel for Finance personnel, Thimphu. (2012-Jan-20)

>> This is to inform all finance officials who are based in Thimphu that the Second Phase of Chiphen Rigphel will be commencing from February as per the dates indicated in the attached documents. (2012-Jan-17)

Thailand International Development Cooperation Agency (TICA) Scholarship (2012-Jan-17)

>> The Royal Civil Service Commission is pleased to announce the availability of 40 scholarships in following areas in Thailand for the academic session starting June 2012 (2012-Jan-06)

List of Accounts Personnel transferred from 1st January and February 2012 (2012-Jan-06)

>> List of Accounts Personnel transferred from 1st January and February 2012 (2012-Jan-04)

Announcement-IRS Scholarship for 2012 intake (2012-Jan-04)

>> The Ministry of Finance is pleased to announce availability of scholarship for civil servants working under Department of Revenue and Customs, funded by GOI and NACEN, India for 2012 intake (2011-Dec-06)

Budget Review Notification (2011-Dec-06)

>> Budget Review for the FY 2011-12 (2011-Dec-05)

Criteria for transfer of Budget Officers (2011-Dec-05)

>> General Condition: (2011-Dec-02)

Announcement of Open Netherlands Fellowship Programmes (NFP) 2012 -2013 (2011-Dec-02)

>> The HRD, MoF, would like to inform all Finance Officials who are interested to pursue the relevant courses may apply directly as indicated in the attached document. Please note that you should be eligible as per the BCSR 2010 Rules in force as well as to the criteria indicated in the above program (2011-Nov-21)

Announcement-Certificate in Procurement Compliance Training (18th Oct, 2011) (2011-Nov-21)

>> The Public Procurement Policy Division (PPPD), Ministry of Finance is pleased to announce that a Certificate in Procurement Compliance Training for in-service Procurement personnel will be conducted by the Royal Institute of Management, Simtokha in four batches as follows: (2011-Oct-20)

Announcement (29th Sept, 2011) (2011-Oct-20)

The HRD, MoF, would like to inform all Ministry of Finance officials that any request for transfer need to be routed through the concerned Department/Division heads until further order notice.

Call for Applications for Japan-IMF Macroeconomic Seminar for Asia (JIMS) for one week (GRIPS) in Japan (2011-Sep-30)

>> Please find enclosed the self-explicit letter received from GRIPS:Call for Applications for Japan-IMF Macroeconomic Seminar for Asia (JIMS) for one week (GRIPS) in Japan. The deadline for application is 15 November, 2011 (2011-Sep-21)

NAS transfer with immediate effect (1st Sept. 2011) (2011-Sep-21)

>> Transfer of Accounts Personnel (Accounts Assistant Level) (2011-Sep-01)

ITEC Scholarship (30th August 2011) (2011-Sep-01)

>> Forms (2011-Sep-01)

Request to Submit JAN, 2012 Promotion Proposal (2011-Sep-01)

>> The Ministry of Finance would like to request all the Department Heads to summit the Promotion Proposal for January 2012 on or before 15th October 2011 to the HRD, MoF (2011-Sep-01)

Transfer of Finance/Accounts Personnel (August 29, 2011) (2011-Sep-01)

>> Dzongkhags (2011-Sep-01)

>> Autonomous-Constitution Bodies (2011-Sep-01)

>> Security Organization (2011-Sep-01)

>> Placement Option Form (2011-Sep-01)

CALL FOR EXPRESSION OF INTEREST, 20th July 2011 (2011-Sep-01)

>> Public Procurement Policy Division (PPPD), Ministry of Finance, Thimphu would like to invite Expression of Interest (EOI) from Bhutanese consultants having capabilities to carry out the following works (2011-Jul-20)

Transfer of Accounts Personnel (Accounts Assistant Level) with effect from 1st July 2011 to various Organisations (2011-Jul-20)

>> Transfer of Accounts Personnel (Account Assistant Level) to various organisation with effect from 1st July 2011. (2011-Jul-05)

Tender Notice-FRANCHIZING FOR SOUVENIR ITEMS (2011-Jul-05)

>> The Finance and Procurement Committee of the National Coordination Committee for the Royal Wedding Preparations invites sealed bids from interested and eligible Bhutanese suppliers having valid trade license for production of various souvenir items on the occasion of the Royal Wedding (2011-Jul-04)

Training offer by APTECH Golbal Learning solutions, New Delhi under ITEC/SCAAP Programme Training Awards (2011-2012) (2011-Jul-04)

The HRD would like to request the interested employees of MoF to apply for the courses offered provided the Course is relevant to the present duties & responsibilities. However, one needs to qualify as per the criteria mentioned by the institute and the training rules in force of BCSR 2010 as well

>> About the program (2011-Jul-04)

>> Course Offered (2011-Jul-04)

>> RCSC Letter (2011-Jul-04)

>> Who and How to Apply (2011-Jul-04)

Announcement for the Voice Secondment Program (World bank) (2011-Jul-04)

>> The HRD had earlier issued mail to all Heads of the department, Ministry of Finance, for nomination of candidates and selection of one candidate as required. However, the HRD had not received any nomination nor the individual had applied for the above. The HRD would now like to re-announce the same and would like to request the employees under the Ministry of Finance to immediately apply for the course if the candidates fulfill the criteria as per the World Bank criteria and BCSR 2010 rules in force. Interested candidates are kindly requested to submit the application within the deadlines as mentioned by the World Bank (2011-May-19)

Notifications December 2010 (2011-May-19)

>> Thank you Taxpayers (2010-Dec-29)

>> Temporary Suspension of the import of Private Light Vehicles (2010-Dec-29)

>> Tax Clearance Certificate (2010-Dec-29)

2011-2012 Budget Call Notification (2010-Dec-29)

>> Notification on Budget preparation for the Financial Year(FY) 2011-12 (2010-Dec-29)

Advertisement for Request for EOI (2010-Dec-29)

>> Kindly arrange to publish the following advertisement in the kuensel issue of 20th December 2010. (2010-Dec-21)

Upcoming Training/Workshop schedule (2010-Dec-21)

>> The Public Procurement Policy Division (PPPD) is implementing the Institutional Capacity Building Project for Procurement (ICBPP) with the technical assistance from the World Bank.. (2010-Dec-16)

Spot Quotation for Colour printer & Switch (2010-Dec-16)

>> This is in continuation to our Equipment tender we would like to invite for spot quotation rate from your firm as itâ€™s urgently needed for the Department of Public Accounts (DPA) due to its Lapse of budget from its project. (2010-Dec-14)

(2010-Dec-14)

>> DNP is looking for private residential complexes to be used for Embassies and Residences for diplomats (2009-Dec-10)

(2009-Dec-10)

>> Royal Government of Bhutan Treasury Bills (2009 Nov 27) (2009-Nov-27)

Scholarship Announcement 2009 Oct. 13 (2009-Nov-27)

>> Scholarship Announcement (2009 Oct. 13) (2009-Oct-15)

Notice Inviting Quotation for Consultant Service (2009-Oct-15)

>> The Ministry of Finance would like to hire a consultant for a period of 3 weeks to develop a concept paper on Fiscal Decentralization in line with the Budget Policy and Fiscal Framework Work Statement (BPFFS). (7th October 2009) (2009-Oct-08)

Performance Evaluation for the Financial Year 2008-2009 (2009-Oct-08)

>> Performance Evaluation for the Financial Year 2008-2009 (2009-Sep-17)

World Bank Internship Program 2009/2010 (2009-Sep-17)

>> The Ministry of Finance is pleased to announce the availability of World Bank Internship Program 2009/2010 (for more details refer Notice Board, Announcement). (2009-Sep-17)

PPD & HRD office shifted (2009-Sep-17)

The office of the Policy and Planning Division is now shifted at the MoF Secretariat in the Dzong and the Human Resource Division to the former PPD office (outside Tashichhodzong).

Tax receipts on the up and up (2009-Sep-02)

Voluntary declaration scheme nets an additional Nu 1.25 million

20 August, 2009 - Bhutanese taxpayers paid Nu 222 million as personal income tax (PIT) for the 2008 income year, increasing the PIT collection by almost 14 percent or Nu 27m from the previous year.

About 26,365 taxpayers across the country had filed their PIT, said officials of revenue and customs department.

For the 2007 income year, about 23,901 had filed PIT and the contribution was Nu 195m. The increase in PIT collection was because of the increase in PIT filers and salary revision for some civil servants and corporations, according to officials.

Tax officials, however, said that, besides the significant increase in the contribution amount, government had a major success with the one-time ‘voluntary declaration scheme’ for PIT from May 1 to June 30 this year.

The scheme allowed taxpayers, who had never filed their PIT since the introduction of the tax in 2002, to file tax without having to pay penalty, said revenue and customs director, Choyzang Tashi.

“We knew that there were people, who hadn’t filed their PIT even once. We wanted to encourage people, who were unaware or ignorant, and also those, who were aware but hesitant to file their PIT because of fines and penalties,” he said.

He said that 318 people filed their PIT under the special scheme in various dzongkhags and the government collected additional revenue of Nu 1.25m. “It was purely a voluntary declaration on almost zero cost to the government,” said Choyzang Tashi. “It’s an achievement for the department because we’ve more people in the tax bracket with the special scheme.”

PIT is calculated on six sources of income: salary, rental income, dividends, interest from fixed deposits, cash crop and income from other sources.

The director also said that there would still be a section of people, who would not declare their taxes even after providing the grace period.

Taxpayers will be taxed 100 percent on the gross income and a 24 percent interest as penalty on actual tax amount for late payment of tax.

Tax evaders will be imposed a penalty of twice the tax amount sought to be evaded.

Corporate income tax (CIT) for the 2008 income year also increased by almost 47 percent over the previous year’s collection. The CIT collection was Nu 2,695m, up from Nu 1,827m in 2007.

The increase is attributed to improved performance by government corporations, say revenue and customs officials. CIT payers also grew from 112 for the 2007 income year to 119 in 2008.

The Business income tax (BIT) collection was about Nu 182.9m as of August 2009. Officials said that the actual amount would be known after they complete assessing all businesses. About 15,906 businesses have filed their BIT.

Source: http://www.kuenselonline.com/

(2009-Aug-21)

>> Circulars for Small value Procurement (2011-May-10)

>> Circular on Bank Reconcialiation Statement(BRS) (2011-Apr-06)

2009-2010 National Budget Report (2011-Apr-06)

>> National Budget Report for the Fiscal Year 2009-2010 (2009-Aug-14)

Rules (2009-Aug-14)

>> Regulations Relating to the possession of Assets and Properties outside Bhutan by Bhutanese Citizens (2010-Feb-26)

Manuals(pdf format) (2010-Feb-26)

>> Procurement Guidelines, July 2012 (2012-Jun-28)

Budget Reports (2012-Jun-28)

>> 2012-2013 National Budget Report (New) (2012-Jun-20)

>> 2011-2012 National Budget Report (2011-Jun-21)

Establishment of a Tax Appeal Board (2011-Jun-21)

As per the General Provisions of the Income Tax Act (Section 46.3) and the Sales Tax, Customs, Excise Act (21.3) of the Kingdom of the Bhutan, a Tax Appeal Board has been established with members from the Ministry of Economic Affairs, Bhutan Chamber of Commerce & Industry, Ministry of Finance and One ad hoc member as an expert. The Board was established on 10th February 2009. The Board shall deal with all appeals directly made to it by the appellant (tax payer). However, all appellants should appeal to the Board only after exhaustion of the two lower tiers of the appeal process as per the Acts mentioned above. The Tax Appeal Board shall be facilitated by the Rules Section, Ministry of Finance as the Secretariat and any appeals should be directly addressed to the following address: The Chairman Tax Appeal Board, C/O Legal Officer, Rules Section, Ministry of Finance, Tashichhodzong, Thimphu.

Appointment of the New Finance Secretary ()

The former Planning Secretary, Mr. Lam Dorji has been appointed as the new Finance Secretary. Former Secretary, Dasho Yanki T Wangchuk handed over charges to the new Secretary on 19th March 2008. Mr. Lam Dorji worked as Director, Department of Budget and Accounts for seven years (1997-2003) before his transfer to the Planning Commission Secretariat till 2007.

Resignation of the Finance Secretary ()

Dasho Yanki T. Wangchuk, Finance Secretary has resigned on 31st March 2008. She joined the Ministry of Finance as Joint Secretary in 1997 and Director General, Department of Aid and Debt Management in 2000. She was appointed as the Finance Secretary in 2003 and conferred red scarf by His Majesty the Forth Druk Gyalpo in 2006. Prior to the Ministry of Finance, she worked as the Dy. Auditor General, Royal Audit Authority.

His Majesty the King conferred red scarf and the title of Dasho to the Finance Secretary ()

2006, December 07: His Majesty the King conferred red scarf and the title of Dasho to the Finance Secretary, Dasho Yanki T. Wangchuk. Dasho Yanki T. Wangchuk is from Jamtoey Goenba, Haa. She was appointed as Finance Secretary in 2004. She joined service in 1976 as a trainee officer in the department of Development. Over a career spanning more than three decades, she served in various capacities. Prior to the appointment as Finance Secretary Dasho Yanki T.Wanggchuk served as the director general of the Department of Aid and Debt Management. She has also served as joint secretary in the ministry of finance. Dasho Yanki T. Wangchuk specialized in auditing and financial management from India.

Appointment of Directors (March 09, 2006) ()

The Department of Budget and Accounts has been bifurcated into two Departments viz: i. Department of National Budget and ii. Department of Public Accounts as per an executive order issued by the government on 29th december, 2005. Subsequently the RCSC has appointed Mr. Lham Nidup, Chief Budget Officer as the Director of the Department of National Budget and Mr. Karma Tshiteem, Deputy Secretary, PPD, Ministry of Finance as the Director of the Department of Public Accounts.

e Release System (December 29, 2005) ()

Hon'ble Finance Secretary Aum Yanki T.Wangchuk released the eRelease system at the Department of Budget Conference Hall on 29th December 2005. eRelease systmem is a step ahead towards enterprise environment in the Department of Budget and Accounts, Ministry of Finance. Initial phase of the system is implemented in Thimphu , but in the later phase the service will be extended to other parts of the country. Advantages: Improves the efficiency of the Releases process by eliminating misplacement of the Releases letter, Manual process is reduced, in time reaching the Releases to the concerned agencies and to the concerned bank ( Bank of Bhutan), The process in the department has increased with the concept of the e-Releases. Softwares used: The eRelease system is developed using Visual Basic, Crystal Reports as front end. Microsoft SQL Server as back end database. The transfer of the Releases letter will be send through Outlook Mail Soft. The Release letter will be sent in Acrobat reader format.

Planning Commission reconstituted (16 December 2005) ()

As per the decision passed by the 84th National Assembly the Department of Planning has now been separated from the Ministry of Finance. The reconstituted Planning Commission will now be chaired by the Prime Minister. Lyonpo Sangay Ngedup took over the chairmanship from the Finance Minister Lyonpo Wangdi Norbu in Thimphu Thursday December 15. The Department of Planning was transferred under the Ministry of Finance in the year 2003. The Hon'ble Finance Minister Lyonpo Wangdi Norbu highlighted some of the major activities carried out in the past two years. These included the compilation of progress report for the 1st year of the current five-year plan. The report was submitted to the cabinet in March last year.

The World Bank and the IMF Annual General Meeting (24-25 September 2005) ()

The Hon'ble Finance Minister Wangdi Norbu will be attending the Annual General Meeting of the World Bank Group and the International Monetary Fund Washington, D.C from September 24-25 2005 accompanied by the Managing Director, Royal Monetary Authority and Officiating Director, Department of Budget and Accounts, Ministry of Finance. The first Annual Meetings were held in Washington in 1946.At the Annual Meetings, the Boards of Governors make decisions on how current international monetary issues should be addressed and approve corresponding resolutions. The Annual Meetings are chaired by a Governor of the Bank and the Fund, with the chairmanship rotating among the membership each year. Every two years it elects Executive Directors. Each year any new members are welcomed into the Bank and Fund.

Regional Ministerial Meeting ()

Hon'ble Finance Minister Wangdi Norbu participated in the 'Regional Ministerial meeting on MDGs in Asia and the Pacific: The way forward 2015'. It was held in Jakarta to form a common strategy to implement MDGs by 2015 and speak on the theme of "Challenges of the Region in achieving MDGs". The meeting, hosted by the Government of the Republic of Indonesia was organized in collaboration with the United Nations Special Ambassador for MDGs in Asia and the Pacific and several other UN agencies. Representatives of Governments of the Asian and Pacific countries as well as civil society organizations partcipated.