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

290 Tugrik millionaires in Mongolia’s VAT Lottery

290 Tugrik millionaires in Mongolia’s VAT Lottery

In the VAT Lottery Draw held on 18 October, three people won MNT 5 million each, 27 people 3 million each and 290 people MNT 1 million. Over 56 million receipts registered between 1 and 30 September.

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, they became able to participate in the lottery.

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