01692cas a2200241 a 4500 AALejournalIMF014511 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498342254 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Asia and Pacific Dept. Bhutan : Selected Issues. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (29 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Selected Issues paper describes the current tax system in Bhutan and suggests options for tax policy reform. Though significant hydropower revenues are expected in the medium term as major projects come on-stream, reforms to the existing tax system in the interim will generate fiscal room and prevent recourse to domestic debt to finance development needs. Key reforms include reducing tax exemptions in the near term and introduction of value-added tax in the medium term. The paper also analyzes the adequacy of international reserves in Bhutan using a customized risk-weighted metric. The results indicate that Bhutan's reserve levels are ample. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2014/179 Full text available on IMF http://elibrary.imf.org/view/journals/002/2014/179/002.2014.issue-179-en.xml IMF e-Library