Member of Parliament S.Byambatsogt has sent a questionnaire to voters in connection to a draft regarding the debt forgiveness law and presented the survey results to Minister of Justice D.Dorligzav and Minister of Finance J.Erdenebat.

The key issue in the questionnaire focused on what MP S.Byambatsogt sees as the present draft law's failure to reflect the rights of the companies which have fairly submitted their reports but are subjected to controversial audits, which has been a concern for companies and enterprises and those who worry about companies failing to report their taxable income.  

     
The MP says that Article 4.5 of the draft law states that enterprises which have hidden taxable income are still eligible to be excused from debt in certain cases.    

Those looking to amend the draft say that it should be noted that it is wrong for  companies and enterprises which have delivered tax reports to the tax authority on time, and who have been audited to be excluded from consideration for the debt forgiveness law.  

 
MP S.Byambatsogt is calling for the issue to be reconciled, and suggests that the first priority in debt forgiveness should be granted to enterprises that have been unfairly audited and imposed with tax penalties.  

The present Law on Debt Forgiveness and a draft law to provide economic transparency were submitted for approval to the government before the end of the spring session of Parliament. Businesses are eager for a final decision on the new regulations and policy concerning debt and the reporting of finances.   

Minister of Finance J.Erdenebat, in a meeting with journalists last Thursday, stressed that the taxation revenue as of the first two months of the new year, in comparison to the same period of the previous year, saw a 30 percent decline.