Not a Latitax destination
Bhutan
A 2026 tax overhaul cut corporate tax to 22% and introduced a 5% GST, but there is no UK treaty and residence is tightly restricted; the Gelephu Mindfulness City project is the one opening worth watching.
Income tax, top rate
Unverified30%
30% was the pre-2026 top rate. The Income Tax Act 2025 (effective 1 January 2026) keeps progressive rates, but the new top rate is not confirmed.
Source: The Bhutanese - Major changes in Bhutan's income tax from 2026 · checked 2026-09-29Capital gains
Unverified0% on personal assets
Reported: no capital gains tax for individuals selling personal (non-business) assets under the 2025 Act; treatment of shares not confirmed.
Source: The Bhutanese - Major changes in Bhutan's income tax from 2026 · checked 2026-09-29Corporate
Unverified22%
Reported as 22% for all companies from 2026 under the Income Tax Act 2025 (was 25-30%).
Source: The Bhutanese - Major changes in Bhutan's income tax from 2026 · checked 2026-09-29Inheritance
UnverifiedNone
Source: The Bhutanese - Major changes in Bhutan's income tax from 2026 · checked 2026-09-29Wealth tax
UnverifiedNone
Source: The Bhutanese - Major changes in Bhutan's income tax from 2026 · checked 2026-09-29VAT
Unverified5% GST
GST at 5% replacing sales tax from 1 January 2026, as reported.
Source: Sovos - Bhutan GST implementation effective 1 January 2026 · checked 2026-09-29Looking for somewhere that works?
See the jurisdictions where a lawful move genuinely cuts tax.
See the right countries- s1The Bhutanese - Major changes in Bhutan's income tax from 2026secondary · checked 2026-09-29
- s2Sovos - Bhutan GST implementation effective 1 January 2026secondary · checked 2026-09-29
- s3GOV.UK - Tax treaties (Bhutan not listed)primary · checked 2026-09-29