Written in Mongolia and read by professionals
in over 160 countries worldwide



Wednesday, July 6, 2011




Mongolia Briefing is a magazine and daily news service about doing business in Mongolia. We cover topics relating to the Mongolian economy, the market in Mongolia, foreign direct investment and Mongolian law and tax. It is written in-house by the foreign investment professionals at Dezan Shira & Associates



Update on the Law on Customs Duty Exemptions and VAT

By Elena Fehrbach

On June 7th, the Parliament of Mongolia has reviewed the Law on Exemption from VAT and the Law on Exemption from Customs Duty. The following additional regulations which are directly related to the Laws have been approved:

  1. Regulation “Addition to the Parliament Decree”. According to the Regulation, import of new buses and trolleybuses produced not more than 1 year ago, models with 24 seats/48 passengers capacity will be exempt from VAT and will be subject to zero percent customs duty. Regulation is effective from 1 January 2014 to 31 December 2016.
  2. The Law on exemption from customs duty – Regulation for certain oil and gas projects. Regulation is applied to the imported equipment, including spare parts and special purpose construction materialsthat will be used in certain oil and gas projects. Oil and gas projects cover production of petroleum products from oil, shale oil and coal. These projects are assumed to be exempt from both VAT and customs duty. The Regulation will be effective from 7 June 2013 up until 31 December 2018.
  3. The Law on exemption from customs duty – Wooden products. Based on the new Regulation effective from 7 June 2013 up until 31 December 2017, import of round wood, timber wood, oriented stand board, cut wooden materials and construction wood-frame ready for assembly are exempt from both VAT and customs duty.
This entry was posted in Business, Finance. Bookmark the permalink.

One Response to Update on the Law on Customs Duty Exemptions and VAT

  1. Whitney Bradford says:

    Dear Ms. Fehrbach

    I am looking into Mongolia’s custom laws regarding solar energy. Due to your article on the newly passed exemptions from Mongolian custom and VAT taxes, I was wondering if you knew if solar commodities, such as lanterns and mobile phone chargers, would be exempt as well.

    Even if you could point me in a certain direction to look, that would be wonderful.

    Thank you so much,
    Whitney Bradford

Leave a Reply

Your email address will not be published. Required fields are marked *



Dezan Shira & Associates provide a range of services for companies looking to undertake foreign direct investment into Asia, These include corporate establishment, accounting, tax, payroll, audit and due diligence. To learn more about the firm, please contact one of our specialists at mongolia@dezshira.com, download our corporate brochure or visit at us www.dezshira.com


Dezan Shira & Associates, Twenty years of Excellence

The Asia Briefing Bookstore

Our best selling legal, financial, tax and regional guides to Asia business, industry reports and more…
Click here to view all titles now

China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store

NOW AVAILABLE IN PDF


MSE Top 20 Index


Chart