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List of SME equipment and facilities exempt from customs tax and VAT renewed

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The government has approved the latest list of equipment, facilities and parts for SME manufacturing to be exempt from customs taxes and VAT.
Previously, the government exempted a total of 1,065 types of equipment, used for manufacturing by SMEs, in accordance with resolutions approved in 2009, 2011 and 2012.
With the new approval, the decision was made to annul resolutions approved in 2011 and 2012 eliminating non-manufacturing related products such as televisions, computer monitors, printer ink, touchscreen tablets, and some IT parts brought in from overseas and assembled and sold in Mongolia.

SOURCE: Ub Post




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