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Economy / Featured News / Mongolia News / Politics / October 5, 2015

20% of VAT will be taken back

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The new “Value Added Tax Law”, which is approved by the Parliament, will be valid from 1st January 2016.  Due to this law, the citizens will be possible to take back 20% of the VAT amount, which have paid. In order to implement the “Value Added Tax Law”, project team to develop the incentive system of VAT has formed at the General Department of Taxation.

SOURCE: News.mn




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