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Tourism Generates MNT 63.6 Billion in Tax Revenue www.montsame.mn
Mongolian businesses operating in the tourism sector have paid MNT 63.6 billion in taxes as of the first half of this year.
If to take tax payments of the tourism sector for the last three years:
- In 2019, 1,320 companies and organizations paid MNT 87.1 billion,
- In 2020, 1,348 companies and organizations paid MNT 47.1 billion,
- In 2021, 1401 companies and organizations paid MNT 65 billion,
- In 2022, 1,637 companies and organizations paid MNT 94.2 billion,
- As of the first six months of 2023, 1,376 organizations contributed MNT 63.6 billion to the state budget.
In the first half of 2023, compared to this period of the last 3 years, the tax revenue of the tourism sector has increased and tends to exceed the previous indicators. In the future, the number of tourists coming to Mongolia will increase, and the tourism industry will have a significant impact on Mongolia's economy, envisages the Ministry of Environment and Tourism.
The Government made the tourism sector a priority of the economy and announced 2023-2025 as the "Visit Mongolia Years". This year, a target of "one million" tourists has been set, and so far, more than 390,000 tourists have already visited Mongolia.
Published Date:2023-08-17
