Auto for ASEM Summit to be exempted from taxPolitics
Ulaanbaatar /MONTSAME/ At its meeting on Wednesday, the parliamentary session discussed bills on exemption of the customs tax, excise tax and VAT. A majority agreed that they should be discussed by plenary meeting.
It has been projected that 320-350 cars will serve some 3,500-4,000 high level officials, delegates and journalists during the 11th ASEM Summit which will run here this July 15-16. The government has considered as necessity to tackle a financing for providing the vehicles with investments and support from the private sector.
The cars, small-sized buses, special vehicles and techniques for the Summit will be used without charges, and their importers-companies will be freed from customs tax, excise tax and VAT. The bills reflects types of the vehicles, units and the companies as well.