Ulaanbaatar
Entities Investing in Ulaanbaatar to Receive Tax Relief
Politics
Ulaanbaatar, December 31, 2024 /MONTSAME/. The Cabinet of Mongolia held an irregular session on December 30, 2024. In connection with the approval of a general regulation aimed at reducing air pollution in Ulaanbaatar, relevant officials were instructed to take appropriate measures.
The regulation stipulates that tax relief will be given to tax-paying entities that have invested in the capital city and provided financial support and donations. These include investments and financial support or donations for:
-Decentralizing Ulaanbaatar and reducing air pollution,
-Increasing environmentally friendly heat and electricity sources,
-Constructing energy-efficient and green residential towns with independent engineering solutions, which meet passive building standards and green financing requirements,
-Expanding the road network,
-Freeing up land lots based on essential social needs,
-Constructing public roads, squares, and parks,
-Supporting the development of public transport.
The general criteria for construction, projects, and activities eligible for tax relief have been developed based on a model recommended by the Ministry of Finance of Mongolia.
