Draft Law on Economic Transparency and Tax Amnesty and Wording Amendment to the Law on Pledge of Movable Properties and Intangible Assets is Under Discussion by the Parliament of Mongolia
By Elena Fehrbach
Mr. Kh.Temuujin, the Minister of Justice has submitted bills of new Laws for discussion in the Parliament.
Law on Economic Transparency and Tax Amnesty
According to the Minister, the aim of the new Law is to reveal and maximize the tax payments from the hidden sources of income. The Law also targets elimination of forged financial and tax reports without penalties applied. Continue Reading