One hundred days has passed since the new Mongolian cabinet led by Prime Minister U.Khurelsukh was formed in October. Following the protests of the trade unions,  the cabinet has revoked its decision to increase the tax rate on personal income. The increased tax rates which came into effect on 1 January 2018 will be refunded.

Under the three-year-arrangement with the International Monetary Fund (IMF), the government agreed to increase the income tax rate of individuals with a monthly salary of more than MNT1.5 million incrementally from 15, 20, and 25 percent.