We are pleased to invite you to the 7th MBD Business Networking which will be target in "Implementation and current situation of disputed tax issues in compliance with Tax Laws of Mongolia for business life: Challenges and opportunities" subject on Monday 30, January 2017 between 14.00-17.00 at Executive Excellence Center www.eeibcmongolia.com Galaxy Tower 1003. The following guest speakers will give a short presentation and have close discussion with the participants.

S.Tuul, Director of EDTN tin TMZ, Former member of Tax Dispute Committee, Former Head of Tax Policy, Methodology and Tax collection Department of Моngolian Tax Authority who involved in many different tax laws drafting and developing team since the very first in 1990's.

G.Uuriintuya Founder and Director of Intor Finance TMZ.(CPTA), (CPA), (Certified Auditor) has been worked as an accountant in international mining companies, Head of Financial Department of International organization, internal auditor of group companies before.

For guests interested in attending this event and registration process please contact at tel:77109911, 98994787 e mail contact@mongolianbusinessdatabase.com.

Please register by 5.00pm 28 Jan, 2017 via email providing your full name, company position, tel number and e mail address.
EEIBC's meeting room capacity is limited, so it will be “first come and first serve” basis. (The fee is 20.000 tugrug per person. Will serve by coffee/tea and light food.

Please confirm your registration by your payment to TBD Bank's MBD 427001964 account before your arrival

Three nuclear power stations are operating in Taiwan, accounting for 16 percent of the island's power generation in 2015.

But with increased anti-nuclear opinion following the 2011 accident at the Fukushima Daiichi plant in Japan, Tsai Ing-wen won the presidential election with a pledge to phase out nuclear power.

Her administration submitted amendments to the electricity act to end the use of nuclear power by 2025.

The legislature passed the amendments on Wednesday.

The amendments call for greater use of renewable energy resources, such as solar and wind energy, and allow private companies to sell electricity to the main utility company.

Taiwan's administration wants to raise the percentage of renewable energy from the current 4 percent to 20 percent.

But critics say the end of nuclear power is likely to destabilize energy supply and raise utility charges.

Speaking at Mr Trump's first news conference since he was elected in November, Ms Dillon explained that all of the Trump Organization's businesses would be transferred to a trust controlled by his sons and the chief financial officer, Allen Weisselberg, before Mr Trump takes power on January 20.
"Together, Don, Eric, and Allen will have the authority to manage the Trump Organization and will make decisions for the duration of the presidency without any involvement whatsoever by President-elect Trump," said Ms Dillon, whose firm Morgan, Lewis and Bockius has been instructed by Mr Trump to draw up a structure to keep his business interests separate.
Ms Dillon added that an ethics adviser would be appointed to the management board of the trust to oversee any potential conflicts of interest.
Turning down deals
No new foreign deals will be made during Mr Trump's presidency, according to Ms Dillon, and domestic deals will be subject to a "rigorous vetting process".
And she said the group has cancelled more than 30 pending deals in recent weeks, in order to avoid potential conflicts of interest.
Earlier in the news conference Mr Trump said he had rejected a $2bn deal in Dubai last weekend, demonstrating he was putting his business activities behind him.
Previous presidents have relinquished control of their business assets by putting them into what is known as a blind trust, run by independent trustees.
Mr Trump spoke last year about dealing with his holdings in this way. However, he then questioned whether it would be a blind trust if his children were in charge of the company.
His daughter Ivanka, whose husband has been named as a senior adviser to the President-elect, will not be involved with the Trump Organization in the future, said Ms Dillon.

This decision was made on the basis of the coal pricing index and the coal market price.

Before this, the Mongolian government and Erdenes Tavan Tolgoi working group revised the agreement with TTJVCo- the operating company East Tsankhi coal mine to raise the average selling price for coal by 85 percent in December 2016. The selling price of coal is projected to remain the same at the East Tsankhi block until the second quarter of 2017.

Erdenes TT plans to extract 1.1 million tonnes of coal at the West Tsankhi block within the first two months of its operation. However, the coal sales of the block has still not yet begun.

It is expected that the East and West Tsankh blocks will help to generate USD 100 million tax revenue in the first half of 2017 and to pay off the loans to Chalco and TT JV Co.

The 6th Ulaanbaatar Burns Supper will take place on 28th January 2017. 
If you wish to join us please book in by 15th January. After this date tickets will no longer be available. http://www.mongolianconsul.com/ulan-bator-burns-supper/