U.Khurelsukh, Prime Minister of Mongolia and Finance Minister Ch.Khurelbaatar held a discussion on Monday about law amendments on taxation at the Mongolian National Chamber of Commerce & Industry.

PM Khurelsukh explained that the taxation law ‘package’ was created to improve tax environment and decrease some taxes. According to the law, if the annual revenue of enterprises  operating in Mongolia is lower than MNT 1.5 billion, the government will return 90 percent of paid taxes. Furthermore, small and medium sized enterprises which have MNT 50 million of annual revenue, will be able to pay only one percent tax from sale revenue.