The Business Council of Mongolia organized an official meeting with the General Department of Taxation to discuss tax rules and procedures that will become effective starting from 1 January 2020 in accordance with new tax reforms approved by parliament in March 2019.
The meeting was led by Mr. Khishignemekh (Nicky), Vice-Chair of the Tax, Legal and Ethics Working Group of the BCM.
On 29 November 2019, the BCM in cooperation with the Mongolian National Chamber of Commerce and Industry submitted a list of 34 proposals to the Ministry of Finance and General Department of Taxation concerning draft regulations produced to follow the package of laws on taxation, and this meeting was organized to discuss these items.
Representatives from the Mongolian offices of international auditing companies Ernst & Young, KPMG, and PwC also attended the meeting.
We had a productive meeting, and the General Department of Taxation expressed their appreciation for the significant and important ideas put forward as well as their willingness to consider them.