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Draft amendments to the Law on Excise Tax to be withdrawn www.montsame.mn
At its regular meeting today, the Cabinet has decided to withdraw the bill to amend the Law on Excise Tax, which was formulated in relation to the Bill on State Budget 2022 that was submitted to the Parliament.
Rather than supporting the domestic production of imported petroleum by-products through tax policy, it is considered necessary, in present situation, to improve the quality and standards requirement in Mongolia, monitor the activities of licensed companies, tighten the accountability system, and take management and regulatory measures as a matter of priority.
Published Date:2021-10-07
