Ulaanbaatar
Procedure for Granting Tax Incentives to IT Companies Ready for Submission to the Government
Society
Ulaanbaatar, April 8, 2025 /MONTSAME/. Following the proposals from the members of the National Council of Mongolia, aimed at submitting the Law on Supporting the Information Technology Industry and formulating the IT sector's policy and directions, procedures on regulating the operation of the virtual zone, as well as provisions for tax and non-tax incentives for the IT sector have been finalized and ready to be submitted to the Government of Mongolia.
The National Council is chaired by Prime Minister of Mongolia Oyun-Erdene Luvsannamsrai, with Minister of Digital Development and Communications of Mongolia Baatarkhuu Tsend serving as Deputy Chair, and Director of the National Information Technology Park Zolzaya Jargalsaikhan acting as Secretary. The National Council also includes representatives from the private sector and universities.
These procedures and incentives are expected to boost the growth of Mongolia's information technology sector, driving innovation and advancement of high technology. Accordingly, the Government of Mongolia is pursuing a policy aimed at supporting IT companies through tax and non-tax incentives.
The National Council has so far developed key documents, including the National Strategy for Developing the Information Technology Industry and Advanced Technologies, the operational procedure for the virtual zone, and procedures for providing tax and non-tax support.
