Ulaanbaatar
Economic council meets
PoliticsUlaanbaatar /MONTSAME/ At its meeting last Friday, the Economic Council at the Prime Minister discussed two issues regarding tax.
Head of the Budgetary Income Division at the Ministry of Finance E.Altanzul reported about a draft new version of the law on income tax of entities. This amendment has been formulated by the government in frames of a performance of the secondary reform in the tax which is reflected in the governmental action programme, she said. The size of taxes will remain, and the threshold will be maximized by the new wording, she added.
Concerning a size of customs tax on some imported products, head of the Industry Ministry’s Department of strategic policy and planning D.Battogtokh pointed out that the import of 12 kinds of products has declined because of a governmental decision of augmenting the customs tax by up to 20% on these goods. For example, the import of cement has decreased by 46%, and honey--by 16%, contributing to halting the currency flow to foreign countries.
At the end of the meeting, the Economic Council members put forward specific proposals on the discussed matters.
