The Business Council of Mongolia (BCM) has established a special joint working group to voice the business community’s interests regarding amendments to be made to Mongolian tax laws. The association held its monthly meeting earlier today. D.Tsogtbaatar, foreign minister of Mongolia and foreign ambassadors to Ulaanbaatar participated in the meeting.  

 The BCM explained that the association will lead and cooperate with other organisations and associations in the public discussions on tax reform. As part of the IMF’s Extended Fund Facility (EFF), the Government of Mongolia recently proposed changes to four key tax laws; the impacts will be critical to business and the investment climate.

BCM is a politically unaffiliated, membership-based association of leading businesses and investors, advocating for a fair, stable and transparent business environment. In 2007, the association started with 35 founding members, growing to 250. It now represents businesses from Mongolia as well as Asia, North America, Europe and Australia, and seeks to be a bridge for domestic and international investment.