Legal Committee - 2025 February update
The committee's first agenda item was to assess the draft recommendations concerning tax reform. To effectively draw foreign investment, it is imperative to cultivate a favorable tax environment. Private sector businesses, which are the backbone of Mongolia's economy, face numerous challenges related to the implementation of the tax package.
The primary ten challenges identified include License Transfer Tax, Mining Royalty, Withholding Tax, Value-Added Tax, Reverse Charge VAT, Tax Dispute Mechanism, Holding Structure, Progressive Income Tax, Stabilization of the Tax Environment, and Tax Incentives.
As AmCham Mongolia is fully dedicated to enhance the investment landscape, the active involvement of our members, Badrakh Energy, Gund Investment, MSM, OT, PwC, Snowhill Consultancy, and Transwest Mongolia, is recognized and appreciated.