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Government Reopens Bank Accounts of 12,100 Companies for One Month www.montsame.mn
Mongolia’s 35th Prime Minister, Uchral Nyam-Osor, has issued his Directive No. 01 to temporarily reopen the bank accounts of 12,100 companies that had been frozen due to tax debts. The accounts will be accessible for one month starting today.
The directive was issued based on the General Law on Taxation due to the current economic challenges. Through the directive, the companies are allowed to settle their tax liabilities, pay salaries, and resume their operations.
Prime Minister Uchral has launched the first measure under the “Chuluulye” (Liberate) Initiative, which aims to reduce red tape and place greater trust in the private sector and citizens, according to the Press and Public Relations Department of the Cabinet Secretariat.
Published Date:2026-04-06
