Tax structure criticized - News.MN

Tax structure criticized

Old News! Published on: 2011.06.15

Tax structure criticized

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Мөнгөнтамир
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Several participants at a meeting yesterday in the General Tax Office (GTO) referred to anomalies in the tax structure, specially criticizing the state of affairs that sees citizens with high income paying less tax than low-income groups. For example, wholesale traders who make MNT25 million a month pay just MNT10,000 as trade tax while office workers earning 20 times less than the traders pay MNT105,000 as income tax. They pressed for amendments to the tax law to make the system more equitable.

 MPs, senior officials of the Ministry of Finance and the GTO, business representatives, economic analysts, accountants and financial lawyers took part in the meeting. 

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