Parliament passed the Investment law during Thursday`s session meeting with 83 percent approval.

The newly approved law has made various amendments and changes to a groups of laws. These include the cancelation of the Foreign Investment Law, the Law on the Regulation of Foreign Investment in business entities operating in sectors of strategic importance. Further amendment were made to the State Registration of Legal Entities,  the General Law of Taxation, the Entity and Organization Income Tax Law, Value-added Tax Law, the Law on Customs Tariffs and Taxes, the Mineral Law, the Special Permission for Legal Entities, the Petroleum Law, the Law on Concessions and draft laws relating to compliance regulations with the Investment  Law.

According to the Investment Law, if the investment proposal is made above 15 billion MNT, four types of project tax impositions will be stabilized.

However the investment amount and period will depend on regional factors.

For instance, a 300-500 billion MNT investment proposal to build a factory in Ulaanbaatar or nearby region will mean the investor will receive an up to 10 years tax stabilization certificate.

If this amount of investment is made in the western region, a 13 year tax stabilization certificate will be given.

The regions will be divided into Ulaanbaatar, Central, Khangai and eastern and western regions in the Investment Law regional charter.

Investment amount (MNT billion)					Stabilization period (years)	Investment period (years)
UIaanbaatar region	Central region (Dornogovi, Dundgovi, Umnugovi, Selenge,Tuv, Darkhan-Uul, Govi-Sumber)	Khangai region (Arkhangai, Bayankhongor, Bulgan, Uvurkhangai, Khuvsgul, Orkhon)	Eastern region (Dornod, Sukhbaatar, Khentii)	Western region (Bayan-Ulgii, Govi-Altaim Zavkhan, Uvs, Khovd)
10-30	5-15	4-12	3-10	2-8	5	2
30-100	15-50	12-40	10-30	8-25	8	3
100-200	50-100	40-80	30-60	25-50	10	4
200<	100 <	80 <	60 <	50<	15	5