Tugrik millionaires in Mongolia’s VAT Lottery - News.MN

Tugrik millionaires in Mongolia’s VAT Lottery

Old News! Published on: 2020.04.20

Tugrik millionaires in Mongolia’s VAT Lottery

In the VAT Lottery Draw held on 19 April, 23 people won MNT 3 million each and 268 people MNT 1 million. Over 26 million receipts were registered between 1 March and 31 March.

Adopted by parliament in July 2015, the law on the VAT incentive came into effect from 2016.  According to this law, consumers started to take back money which is equivalent to 2% on products they purchased. In addition, consumers became able to be involved in lottery.

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