T. Batmagnai, Commissioner of the General Department of Taxation, spoke on current, timely issues.
-As the year comes to an end, how will the General Department of Taxation collect tax payments?
-Currently taxable income planning is at 74.7 percent at the General Department of Taxation. In past years, the taxation office has increased budget revenue from tax income. Tax income that goes towards that budget was higher in 2013 than in 2012, and in 2014, a higher number is planned than was collected in 2013.
In 2014, the General Department of Taxation aims to provide revenue to the budget no less than it did in 2013. The department produced 1.9 trillion MNT for the government budget in 2013, more than it did in 2012. For 2014 the department is in charge of producing 2.6 trillion MNT in revenue from tax income. Everyone knows about the current economic situation, and there is no positive sign from the overseas market.
In October, the department applied 1.6 trillion MNT in revenue to the budget, and the tax office will do so according to the law in the last two months of the year.
-There are a lot complaints from businesses and entrepreneurs about tax pressure due to the economic downturn. Are there tax burdens or fines due to the economic situation?
-There is no tax increase caused by the economic situation. We work here to collect tax payers' reported taxes. There is no means of collecting tax illegally or collecting more.
But tax payment delays or laziness for tax payment have been popular lately. Especially when corporations take out a large amount of loans and hesitate in paying their taxes, pretending it is in the name of their projects.
Besides, companies have a lot of debt. Most of the companies blame their delayed tax payments on debt payment deadlines. Tax payments among miners are bad.
-Some people may say that the General Department of Taxation cut 100 million MNT in taxes for Oyu Tolgoi LLC. What do you say about this?
-People in charge of the issue are working on it. So I do not have to give details on the issue.