MNT 5 trillion to be declared under “Economical Transparency Law”? - News.MN

MNT 5 trillion to be declared under “Economical Transparency Law”?

Old News! Published on: 2015.12.08

MNT 5 trillion to be declared under “Economical Transparency Law”?

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The set period for declaring underclared financial activity is coming to an end. Under the “Economical Transparency Law” the grace period will end on 31st December. According to last week’s figures, the amount of declared capital has increased by MNT 8 billion. The number of the people, who wish to report their financial activity, is increasing in the latest weeks of the law. The Ministry of Finance and General Intelligence Agency of Mongolia has noted that number of the people who are availing themselves  following this law is set to increase in the remaining 21 days; it is predicted that the amount of declared capital might reach MNT 5 trillion.

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