Parliament reduces stamp fees - News.MN

Parliament reduces stamp fees

Old News! Published on: 2011.06.10

Parliament reduces stamp fees

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Г. Нэргүй
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Parliament yesterday amended the law on registration fees,
following widespread criticism that they had been fixed too high. During the
debate, L.Gundalai said the Government cannot levy exorbitant charges for
services citizens are entitled to from it. Minister for Finance S.Bayartsogt replied
that stamp duties have been reduced according to this principle.

Speaker D.Demberel said the state has to impose taxes but the revenue should be
spent on people’s welfare. He asked MPs to keep the general interest in mind
and said people should not feel that MPs demand a reduction in tax only when it
serves their own interest.

The amendments take
immediate effect.



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