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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



Small and Medium Enterprises Will Be Exempt From Import Customs Duties and VAT Until December 31, 2016

By Elena Fehrbach

The Government of Mongolia has made a decision to extend the duration of the Law on the exemption of import of equipment and spare parts from customs duties and VAT for two more years until the end of 2016. The Law only refers to small and medium enterprises (SME). The Law was first introduced in 2009 with one extension.

The Cabinet has also prepared the bill on amendments to the Customs Tariff and Taxes Law. The bill will be submitted at the nearest Parliament session for discussion. The draft Law will support the Government’s Action Plan on development of the construction industry and major development projects with equipment that cannot be produced domestically.

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